Bob’s Stores Bid Farewell to 75 Years in Retail: Liquidation Sale Planned as Chapter 11 Bankruptcy Filed

Bob’s Stores, a well-known discount clothing and shoe retailer with over 70 years of presence in Connecticut and Massachusetts, is facing financial difficulties due to a “liquidity crisis.” The company has filed for Chapter 11 bankruptcy, which will lead to the closure of all its stores. Bob’s Stores president Dave Barton expressed regret over the decision to liquidate the stores, acknowledging the impact on customers’ lives and the long-standing presence of Bob’s Stores in local communities.

The list of Bob’s Stores closing includes locations in Connecticut, Massachusetts, New York, New Hampshire, New Jersey, and Rhode Island. Customers are advised to check the store address for each location to know which stores will be closing. The company has already begun liquidation sales, offering discounts ranging from 30% to 70% off regular retail prices. Store fixtures, furniture, and equipment are also available at discounted prices during this time. Customers can continue to use gift cards and exchanges until July 14.

Bob’s Stores was originally established by founder Bob Lapidus as “Bob’s Surplus” in Middletown, Connecticut in 1954. Over the years, ownership changes have occurred. The brand was acquired by TJX Companies in 2003 before being sold to private equity firms in 2008. With the closure of retail stores becoming a growing trend across the country in recent years due to bankruptcies and inflation impacting consumer shopping habits.