Bob’s Stores, a well-known discount retailer in the Northeast, has announced that it will be closing its brick-and-mortar locations permanently after filing for Chapter 11 bankruptcy. This includes the New Jersey location in Freehold at 3710 US-9, as well as several other stores in Connecticut, Massachusetts, New Hampshire, New York, and Rhode Island.
Bob’s Stores president Dave Barton expressed regret over the financial position that led to this decision, acknowledging the store’s long history in local communities. The chain originally started as “Bob’s Surplus” in Connecticut in 1954 and was later acquired by TJX in 2003. In 2008, it was sold to private equity firms before being sold again to GoDigital Media group in 2022.
All of the closing stores are currently offering discounts from 30-70% off on a wide range of items, from clothing to shoes, as part of their “Going Out of Business Sale.” Unfortunately, Bob’s Stores is just the latest in a series of retail chains to close locations in recent years, following in the footsteps of companies like Red Lobster and Rite Aid.
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