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A beloved Northeastern chain is formally shutting its doorways for good after submitting for Chapter 11 chapter a number of weeks in the past.
Bob's Shops will shut all 21 remaining places throughout Connecticut, Massachusetts, New York, New Hampshire, New Jersey and Rhode Island.
Associated: Music Retailer Sam Ash Closing All Locations After a Century
"We remorse that our monetary place necessitated the liquidation of Bob's Shops," Dave Barton, president of Bob's Shops, stated in a company release. "Bob's has been a stalwart of our native communities for almost 70 years, and we all know our prospects bear in mind us as having been there for main moments of their lives."
The low cost retailer is finest recognized for its low costs on sportswear and different clothes gadgets.
The corporate started liquidating stock at its remaining places on June 28 and is holding going-out-of-business gross sales that provide prospects reductions of as much as 70%.
Sure shops may also promote retailer fixtures, furnishings, tools, and different merchandise.
Bob's Shops will honor reward playing cards and retailer credit score via July 14, when the enterprise will formally shut for good.
Associated: Express Files for Chapter 11 Bankruptcy, Closing Stores
TJX acquired the retailer in 2003; then, TJX bought it to personal fairness corporations Versa Capital Administration and Crystal Capital in 2008.
Bob's modified arms once more in 2017 earlier than GoDigital Media Group bought it in 2022.
Bob's Shops joins dozens of different chains, like Express and music retailer Sam Ash, which have filed for Chapter 11 this 12 months and have been pressured to shutter decades-old brick-and-mortar shops throughout the U.S.