Bob’s Stores, a discount clothing and shoe retailer with locations in Connecticut and Massachusetts, is going out of business and closing all of its stores. The owner recently filed for Chapter 11 bankruptcy, citing a “liquidity crisis.” The company expressed regret over the closure, acknowledging its long-standing presence in local communities for nearly 70 years.
The list of closing locations includes stores in Connecticut, Massachusetts, New York, New Hampshire, New Jersey, and Rhode Island. Liquidation sales are already underway, offering discounts of up to 70% off regular retail prices, with store fixtures and equipment also available for sale. Gift cards and exchanges will be accepted up until July 14.
Founded in 1954 by Bob Lapidus, the brand was acquired by TJX Companies in 2003 before being sold to private equity firms in 2008. The closure of Bob’s Stores adds to the trend of retail store closures across the country in 2024, driven by bankruptcies and the impact of inflation on shoppers.
This news comes as a blow to loyal customers who have relied on Bob’s Stores for their affordable clothing and footwear needs. The closure marks the end of an era for the beloved retailer, leaving many to reminisce on the major moments and memories they shared with the store over the years.
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