Bob’s Stores, which has been a staple in local communities for nearly 70 years, is facing closure as the company announced it will be liquidating all remaining inventory and permanently shutting down various store locations in Connecticut and other states. The decision to close was made after efforts to restructure and secure finances were unsuccessful.
The closure of stores will result in the layoff of 145 employees in Meriden, Connecticut. The company, Hilco Merchant Resources, expressed its difficulties in sustaining the business despite attempts to make changes. Various store locations across the country, including Massachusetts, New Hampshire, New Jersey, New York, and Rhode Island, will also be permanently closed following the liquidation of inventory.
Customers who hold gift cards and merchandise credits are advised that they will still be honored before the stores close. The decision to close stores and liquidate assets was made as part of a Chapter 11 restructuring petition filed earlier in June 2024. President of Bob’s Stores, Dave Barton, expressed gratitude for the support of vendors, suppliers, customers, and employees over the years and acknowledged the significant impact that Bob’s Stores has had on local communities. While the closure is regrettable, Barton recognized that it is time for Bob’s Stores to move on from its current state and embrace new opportunities.
Despite their best efforts to save Bob’s Stores from closing down permanently due to financial difficulties,” Hilco Merchant Resources expressed their regret at having to make this difficult decision for both employees and customers alike.
The stores that are closing have served as vital community hubs for many residents over the years. They have provided employment opportunities for countless individuals who would not otherwise have access to jobs. Now that these jobs are at risk of being lost forever due to lack of funding or operational issues.
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