Bob’s Stores, a 70-year-old apparel and accessories retailer focused on the Northeast, has filed for Chapter 11 bankruptcy protection and has begun liquidation sales at its remaining stores.
Founded in 1954 as Bob’s Surplus, the company grew to a 34-store chain by 1996. But into the 21st century, the company experienced repeated financial problems with three different bankruptcy filings and changes in ownership.
The company is now running liquidation sales at its remaining stores in Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island. As the company prepares to shut down its stores by July 14, its website declared, “We’ll be back soon with an enhanced online shopping experience.”
“We regret that our financial position necessitated the liquidation of Bob’s Stores,” said Dave Barton, president of Bob’s Stores. “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.”
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