Get updates delivered to you daily. Free and customizable.
The Mirror US
Bob's Stores is closing all locations - full list of store closures
By Franca Akenami,
3 hours ago
Bob's Stores is shutting down all its outlets . The bargain clothing and shoe chain filed for Chapter 11 bankruptcy due to a "liquidity crisis."
In a statement, Bob's Stores president Dave Barton said: "We regret that our financial position necessitated the liquidation of Bob's Stores .
"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 will be able to take advantage of going-out-of-business sales at these Bob's Stores locations.
Bob's Stores has kicked off liquidation sales, slashing prices by 30% to 70% off the usual retail costs. Even store fixtures, furniture, and equipment are up for grabs.
The retailer will honor gift cards and process exchanges until July 14. The journey of Bob's Stores began in 1954 when founder Bob Lapidus opened the first "Bob's Surplus" in Middletown, Connecticut. After being acquired by TJX, the parent company of Marshalls and TJ Maxx , in 2003, it changed hands again in 2008, ending up with private equity firms.
The retail landscape is witnessing a spike in store closures nationwide in 2024, as businesses grapple with bankruptcy woes and the toll of inflation on consumers.
Get updates delivered to you daily. Free and customizable.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.
Comments / 0