December 4, 2017 • Vol. 28 • No. 49 • $2 SERVING BERKS, LEHIGH, NORTHAMPTON & SURROUNDING COUNTIES www.LVB.com MEMORIES OF AL Party Time Boscov’s grandchildren publish tribute book Companies spending less on holiday celebrations to department store icon By WENDY SOLOMON but most still hold them to reward employees
[email protected] The story goes that when Albert By KATHY RUFF vey found that 72.7 percent attend, down from 42.9 per- ees,” said Marlyn Kissner of Boscov took some of his menswear Special for Lehigh Valley Business of companies plan to hold cent in 2016. the Greater Lehigh Valley buyers from Reading to meet with the Fewer parties. Less alcohol. holiday parties, down from Still, though, three out of Chamber of Commerce. top brass from Vanity Fair, the apparel That’s the trend this 76 percent last year. Of those four are having holiday par- She said many businesses manufacturer year for company holiday having parties, 15.6 percent ties. Which is to be expected use the holidays to show their in New York, parties, according to the are budgeting less than last with low unemployment, a appreciation and thanks for a in the early annual survey by Chicago- year, and 49 percent are serv- roaring stock market and a great year, even in ways that 1980s, they based Challenger, Gray & ing alcohol – down from 62 strong index of consumer are more informal. entered an Christmas Inc., a national percent last year. confidence. “If they want to cut back office where outplacement firm. The survey also shows that “Businesses are making and maybe not do a big holi- six stiff pin- Its 2017 sur- 37.8 percent will be invit- sure that they are taking day party, they do an upscale striped exec- ing family, spouses care of their employ- lunch or thank you gift utives sat in a or partners to row behind a please see PARTY, page 9 table.