70-year-old retail chain to close all stores
![70-year-old retail chain to close all stores 70-year-old retail chain to close all stores](https://i1.wp.com/www.pennlive.com/resizer/v2/ILATNWDO75A4NH2GVJFXTRHXKQ.jpg?auth=1e5046bf80dc5fbaba7ab22e56ad1a644240abe387e0bcee03543b6c69e7027c&width=1280&quality=90&w=1280&resize=1280,852&ssl=1)
A 70-year-old company is closing its doors.
Bob’s Stores, which has locations across the Northeast, is closing all of its stores and liquidating all of its inventory as part of a Chapter 11 restructuring petition filed June 18.
The company said that despite changes to the company’s structure and operations, Bob’s Stores has been unable to secure the financing needed to maintain its operations.
“We regret that our financial situation has necessitated the liquidation of Bob’s Stores,” said Dave Barton, president of Bob’s Stores, in a press release. “Bob’s has been a pillar of our local communities for nearly 70 years, and we know our customers remember us as being there for the important moments in their lives. We remain grateful to our vendors, suppliers, customers and employees for all their support over the years.”
Bob’s stores began selling their products in-store on June 28, with discounts ranging from 30 to 70 percent. The company sells clothing and footwear. Some equipment, furniture and store fixtures will also be available for sale.
These 21 locations are closing:
- 409 Main Street, Ansonia, Connecticut
- 2300 Dixwell Avenue, Hampden, Connecticut
- 179 Pavilions Drive, Manchester, Connecticut
- 416 E. Main St., Middletown, Connecticut
- 195 Cherry St., Milford, Connecticut
- 172 Kitts Lane, Newington, Connecticut
- 504 Bushy Hill Road, Simsbury, Connecticut
- 835 Queen Street, Southington, Connecticut
- 910 Wolcott, Waterbury, Connecticut
- 287 Washington Street, Attleboro, Massachusetts
- 146 Whalon St., Fitchburg, Massachusetts
- 50 Holyoke Street, Unit C242, Holyoke, Massachusetts
- 230 Main St., Middleton, Massachusetts
- 59 Mazzeo Drive, Randolph, Massachusetts
- 92 Cluff Crossing, Salem, New Hampshire
- 3710 US-9, Freehold, New Jersey
- 191 Centereach Mall, Centereach, New York State
- 135-187 Sunrise Highway, West Islip, New York
- 1400 Oaklawn Ave., Cranston, Rhode Island
- 167 Parkway N, Waterford, Connecticut
- 168 Milk Street, Westborough, Massachusetts
Gift cards and merchandise credits will be honored through close of business on July 14th. All sales are final during this store closure event. No returns will be accepted. Exchanges will be accepted through close of business on July 14th. No exchanges for purchases made after July 14th will be accepted.
Hilco Merchant Resources and Gordon Brothers will manage the liquidation sales.
News Source : www.pennlive.com
Gn bussni