Clothing chain Bob's Stores closing after 70 years

Bob's Stores, a longtime Northeast clothing store chain, announced this week that it is shutting down amid a bankruptcy filing.

Bob's Stores, a longtime Northeast clothing store chain, announced this week that it is shutting down after failing to secure financing amid a bankruptcy filing.

Through July 14, all remaining Bob's locations will be offering liquidation-level discounts on the stores' trademark workwear, footwear, team wear and everyday family-oriented clothing. Select store fixtures, furniture, and equipment will also be available for sale.

Gift cards and merchandise credits will be honored through close of business on July 14, the company said. All sales are final, and no returns will be accepted, though exchanges will be. Bob's listed 21 stores in its announcement.

Founded in 1954, Bob's began as a single-store surplus outlet in Connecticut. It eventually expanded into some three-dozen locations in Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island.

But at the beginning of this century, Bob's entered a period of financial turmoil that it never truly recovered from, ultimately involved in four different bankruptcies, including this latest one, and changing hands five different times.

https://www.nbcnews.com/business/consumer/bobs-stores-closing-70-years-rcna160122

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