Bob’s Stores, a retailer known for its discount clothing and shoes, has announced that it will be closing all of its locations and selling off all inventory due to a Chapter 11 restructuring petition filed on June 18. The company will be hosting going-out-of-business sales at all of its locations, offering discounts of 30-70% off on a variety of merchandise including workwear, footwear, team wear, and everyday clothing. Store fixtures, furniture, and equipment will also be available for purchase.
Despite efforts to make changes to the company’s structure and operations, Bob’s Stores was unable to secure the necessary finances to continue operations. Hilco Merchant Resources and Gordon Brothers will be managing the liquidation process for all 21 Bob’s Stores locations across Connecticut, Massachusetts, New Hampshire, New Jersey, New York, and Rhode Island.
In a statement, Dave Barton, president of Bob’s Stores expressed regret over the financial situation that led to the decision to liquidate. He acknowledged the store’s long history in the community and thanked customers, employees