Christopher Tripplaar/Alamy Stock Photo
Bob's Stores, which has stores across the northeastern United States, is closing.
new york
CNN
—
Bob's Stores, a discount store in the northeastern United States, is closing after 70 years in business.
The retailer recently filed for Chapter 11 bankruptcy protection and will soon be permanently closing all 21 of its stores as a result, and plans to liquidate its inventory in the coming weeks.
“We are saddened that our financial situation has forced us to liquidate Bob's Stores,” Dave Barton, president of Bob's Stores, said in a press release. “Bob's has been a trusted presence in the local community for nearly 70 years, and we know our customers will remember us being there during some of life's defining moments.”
Half of Bob's stores are in Connecticut, with the rest in Massachusetts, New Hampshire, New Jersey, New York and Rhode Island. All are offering steep discounts on everything the company sells, from shoes to clothing. Discounts range from 30% to 70%, Bob's said.
“Be sure to head over to your local Bob's store early to enjoy the best selection of discounted items before they sell out,” the company said. The gift cards can be used through July 14.
Bob's was founded in Connecticut in 1954 and was originally called “Bob's Surplus.” It was acquired by TJX, the parent company of Marshalls and TJ Maxx, in 2003 and sold to a private equity firm five years later. In 2022, Bob's Stores was sold to GoDigital Media Group.
Bob's will join a growing number of retail bankruptcies in 2024 as consumer spending slows and inflation rises.
