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A beloved Northeastern chain is formally shutting its doorways for good after submitting for Chapter 11 chapter a couple of weeks in the past.
Bob’s Shops will shut all 21 remaining areas 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, mentioned in a company release. “Bob’s has been a stalwart of our native communities for practically 70 years, and we all know our clients keep in mind us as having been there for main moments of their lives.”
The low cost retailer is finest identified for its low costs on sportswear and different clothes objects.
The corporate started liquidating stock at its remaining areas on June 28 and is holding going-out-of-business gross sales that provide clients reductions of as much as 70%.
Sure shops can even promote retailer fixtures, furnishings, gear, and different merchandise.
Bob’s Shops will honor reward playing cards and retailer credit score by means of 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 offered it to personal fairness corporations Versa Capital Administration and Crystal Capital in 2008.
Bob’s modified fingers 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 compelled to shutter decades-old brick-and-mortar shops throughout the U.S.
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