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Bob’s Stores, a beloved discount retailer in northeast America, is shutting down after nearly 70 years in business. The company recently filed for Chapter 11 bankruptcy protection and will soon close all 21 of its locations, liquidating its inventory in the coming weeks.
“We regret that our financial position necessitated the liquidation of Bob’s Stores,” said Dave Barton, president of Bob’s Stores, in a press release. “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.”
Half of Bob’s Stores locations are in Connecticut, with the remaining stores in Massachusetts, New Hampshire, New Jersey, New York, and Rhode Island. The retailer is offering steep discounts on its merchandise, ranging from shoes to clothing, with discounts spanning from 30% to 70% off.
The company encourages customers to visit their nearest location early to take advantage of the best selection of discounted merchandise before it sells out. Gift cards can still be used until July 14.
Bob’s Stores began in 1954 in Connecticut as “Bob’s Surplus.” It was acquired by Marshalls and T.J.Maxx’s parent company TJX in 2003 and was later sold to private equity firms five years later. In 2022, Bob’s Stores was sold to GoDigital Media Group.
The closure of Bob’s Stores adds to the growing number of retail bankruptcies in 2024, driven by a slowdown in consumer spending and rising inflation.
As the store winds down its operations, Bob’s Stores will be remembered fondly by its customers, who have relied on the retailer for quality products at affordable prices for nearly seven decades.
