Bob’s Stores: A 70-Year Legacy Comes to an End as Retailer Files for Chapter 11 Bankruptcy and Prepares to Liquidate

Bob’s Stores, a discount retailer that has been in business for over seven decades, is liquidating its inventory and closing all 21 of its locations located in the northeast America. The company recently filed for Chapter 11 bankruptcy protection.

Dave Barton, president of Bob’s Stores, expressed regret over the financial position that led to the decision to liquidate the stores. The store has been a staple in local communities for nearly 70 years, being present for significant moments in customers’ lives.

Half of Bob’s Stores are located in Connecticut, with the rest spread across Massachusetts, New Hampshire, New Jersey, New York, and Rhode Island. Customers are advised to visit their nearest location soon to take advantage of steep discounts ranging from 30% to 70% off on all merchandise. Gift cards can still be used until July 14.

Bob’s Stores were established in 1954 as “Bob’s Surplus” in Connecticut before being acquired by TJX in 2003 and later sold to private equity firms. In 2022, GoDigital Media Group acquired the stores. Unfortunately, Bob’s is one of many retailers facing bankruptcy in 2024 due to declining consumer spending and rising inflation.