by CalculatedRisk on 7/25/2008 11:14:00 AM

From the NY Post: ANOTHER RETAILER'S CLOSE TO COLLAPSE (hat tip Kurt)

Boscov's, a Reading, Pa.-based department-store chain, is scrambling to keep itself afloat as a drop in consumer spending across the Mid-Atlantic region has hammered its sales and drained its cash, sources told The Post.

About half of the major suppliers to the 97-year-old, family-owned chain - which operates about 50 midprice stores in six states that sell clothing, appliances, electronics and furniture - have halted merchandise shipments for lack of payment, sources said.

In addition, big commercial lenders including CIT, GMAC and Milberg have stopped guaranteeing deliveries to Boscov's stores ...

Just another potential headache for mall owners.