Bob's Stores to shut ALL stores - week after filing for bankruptcy

Daily Mail UK ^ | July 2, 2024 | Daniel Jones

[Morgana]

Bob's Stores, which sells athletic and casual clothing across six states, is shutting all its stores.

It began 'Going Out Of Business' sales on Friday, with customers able to pick up goods with 30 to 70 percent off at the 21 stores. The website no longer works.

Shoppers will find reduced prices on leading national brands like Nike across the stores. Select shop fixtures, furniture, and equipment like TVs and registers will also be on sale.

But then the 40-year-old chain - which operated in Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island - will be gone forever after the final day of business on July 14.

'We regret that our financial position necessitated the liquidation of Bob's Stores,' Dave Barton, president of the retailer said announcing the news.

'Bob's has been a stalwart of our local communities for nearly 70 years, and we know our customers remember us as having been there for major moments in their lives.

'We remain grateful to our vendors, suppliers, customers and employees for all of their support over the years.'

Gift cards and merchandise credits will be honored through close of business on July 14.

Bob's Store's website is not currently working. It is understood the clearance will be done only from stores, rather than via online.

It was under two weeks ago that Bob's Stores, along with its sister retailer Eastern Mountain Sports, filed for Chapter 11 bankruptcy.

[Jeff Chandler]

What about Bob’s?

[piytar]

“Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island”

There must be something in common with these states. I just can’t spot it. /sarc

[llevrok]

Bidenomics

[Carriage Hill]

I’ll take “Run Into Bankruptcy by Leftist DemonKKKrat State Corruption” for $500, Bob...

[Dr. Sivana]

The same guy who started “Bob’s Surplus Store” (later Bob’s Stores) also founded Bob’s Discount Furniture, which is now a nationwide going concern.

Bob’s Surplus was build largely on heavy radio advertising, and I can still remember the catchy jingle,

“looking good isn’t spending more. Looking good at Bob’s Surplus Store.”

I suspect this is yet another victim of Internet shopping expansion, not because it happened to be founded in Connecticut. Retail outlets come and go. Subway is also founded in Connecticut, and they aren’t going anywhere, despite hiring Megan Rapinoe.

[T.B. Yoits]

Subway is also founded in Connecticut, and they aren’t going anywhere, despite hiring Megan Rapinoe.

Subway's sales peaked in 2012.

They've closed more than 6,000 locations since 2016.

Their sale to private equity firm Roark Capital was completed in April 2024.

[BobL]

Why do I think that Bob’s still found enough cash, in the weeks before closing, to ‘celebrate’ ‘Pride’ month.

[laplata]

Are the Anti Gun store we used to hear about?

[Libloather]

[joesbucks]

Remember him.

[Dr. Sivana]

T hey've closed more than 6,000 locations since 2016.

They still have 37,000 stores. I think they are stilll the largest for number of outlets. They have also sustained countless attaacks by competitors who rise and recede: Quiznos, Potbelly, Blimpie, Jimmy John’s. Presently taking on Firehouse and Jersey Mike’s. They aren’t the best, but they remain the big dog.