In 2024, many retailers are facing bankruptcy, including Bob’s Stores, a discount store chain located in the northeast United States. After operating for seven decades, the company has recently announced that it will be shutting down all of its 21 locations and filing for Chapter 11 bankruptcy protection. Dave Barton, the president of Bob’s Stores, expressed regret over the financial situation that led to the liquidation of the company. He mentioned how Bob’s Stores had been a longstanding part of local communities for nearly 70 years, playing a significant role in the lives of its customers.
The chain has stores in Connecticut, Massachusetts, New Hampshire, New Jersey, New York, and Rhode Island. All locations are currently offering steep discounts ranging from 30% to 70% off on merchandise such as shoes and clothing. Customers are encouraged to visit their nearest Bob’s Stores location early to take advantage of the best selection of discounted products before they are sold out. The company has also announced that gift cards can still be used until July 14.
Bob’s Stores originated in 1954 in Connecticut under the name “Bob’s Surplus” before being acquired by TJX, the parent company of Marshalls and T.J.Maxx, in 2003. After being with private equity firms for five years, Bob’s Stores was sold to GoDigital Media Group in 2022. The closure of its stores marks the end of an era for this long-standing discount store chain in the northeast US.
