The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Business

Clothing chain Bob’s Stores closing after 70 years

by admin July 5, 2024
July 5, 2024
Clothing chain Bob’s Stores closing after 70 years

Bob’s Stores, a longtime Northeast clothing store chain, announced this week that it is shutting down after it failed to secure financing amid a bankruptcy filing.

Through July 14, all remaining Bob’s locations will offer liquidation-level discounts on the stores’ trademark work wear, footwear, team wear and everyday family-oriented clothing. Selected store fixtures, furniture and equipment will also be available for sale.

Gift cards and merchandise credits will be honored through the close of business on July 14, the company said. All sales are final, and no returns will be accepted, though exchanges will be. Bob’s listed 21 stores in its announcement.

Founded in 1954, Bob’s began as a single-store surplus outlet in Connecticut. It eventually expanded into three dozen locations in Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island.

But at the beginning of this century, Bob’s entered a period of financial turmoil that it never truly recovered from, ultimately becoming involved in four different bankruptcy proceedings, including this latest one, and changing hands five different times.

In a statement, Bob’s President Dave Barton acknowledged the chain’s history in the region.

“We regret that our financial position necessitated the liquidation of Bob’s Stores,’ he said. ‘Bob’s has been a stalwart of our local communities for nearly 70 years, and we know our customers remember us as having been there for major moments in their lives. We remain grateful to our vendors, suppliers, customers and employees for all of their support over the years.”

Bob’s closure comes alongside troubles for its sister retailer, Eastern Mountain Sports. Both are owned by GoDigital Media Group, a conglomerate. EMS announced store closures last month alongside its intention to vacate its headquarters in Connecticut.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Major retailers are backtracking on self-checkout
next post
Campaign crisis: Dems who have called for Biden to drop out or raised concerns about his health

Related Posts

Key Fed inflation measure rose 2.8% in March...

April 29, 2024

Yum Brands earnings miss estimates as KFC, Pizza...

November 7, 2024

Frontier Airlines proposes merging with fellow budget carrier...

January 30, 2025

Kohl’s CEO Tom Kingsbury to step down and...

November 27, 2024

McDonald’s rising prices pushing some diners away

May 1, 2024

Trump Media shares plunge after company files to...

April 16, 2024

Kraft Heinz to remove artificial dyes from U.S....

June 18, 2025

Netflix ad-supported tier has 40 million monthly users,...

May 17, 2024

Macy’s CEO says retailer will hike some prices...

May 29, 2025

Trump Media shares rise again, jump 50% in...

May 2, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Microsoft says goodbye to the Windows blue screen of death

      July 1, 2025
    • Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

      July 1, 2025
    • Home Depot is buying GMS for about $4.3 billion as it chases more home pros

      July 1, 2025
    • Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

      July 1, 2025
    • The Best Five Sectors, #25

      July 1, 2025
    • Pullbacks & Reversals: Stocks Setting Up for Big Moves!

      July 1, 2025

    Categories

    • Business (1,276)
    • Politics (3,883)
    • Stocks (1,480)
    • Uncategorized (45)
    • World News (1,269)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved