07-3-2024, 2:12 PM

After 70 years of business, Bob's Stores is closing all of its stores

Bob's Stores - Video Screenshot

As part of its Chapter 11 bankruptcy proceedings, Bob's Stores is liquidating all of its U.S. sites and initiating a going-out-of-business sale after 70 years in operation.

The retailer will shortly close all 21 of its sites permanently after filing for Chapter 11 bankruptcy protection. It will use the next few weeks to clear off its stock.

Bob's Stores, a subsidiary of worldwide conglomerate GoDigitial Media Group, is closing 21 stores and liquidating its inventory after failing to get the necessary funds to continue operations. The retailer provides economical clothing in Connecticut, Massachusetts, New Hampshire, New York, New Jersey, and Rhode Island, with most locations in strip malls and power centers. All outlets are offering huge discounts on everything the company sells, including shoes and apparel. Bob's stated discounts ranged from 30% to 70% off.

“We regret that our financial position necessitated the liquidation of Bob’s Stores,” Dave Barton, president of Bob’s Stores, said in a press release. “Bob’s has been a stalwart of our local communities for nearly 70 years, and we know our customers remember us as having been there for major moments in their lives.”

“Customers are encouraged to visit their nearest Bob’s location early to take full advantage of the best selection of discounted merchandise before it sells out,” the company said. Gift cards can still be used until July 14.

Established in 1954 by Robert Lapidus as Bobs Surplus, in Middletown, Connecticut Bobs Stores was purchased by TJX in 2003 the company that owns Marshalls and T.J. Maxx. After five years the store was sold to equity firms. Later acquired by GoDigital Media Group in 2022.

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