Discount retailer Bob’s Stores is facing closure of all its brick-and-mortar locations after filing for Chapter 11 bankruptcy. The company plans to liquidate its inventory in the coming weeks, permanently closing all 21 remaining stores in states including Connecticut, Massachusetts, New Hampshire, New Jersey, New York, and Rhode Island.
Bob’s Stores president, Dave Barton, expressed regret over the financial circumstances that led to this decision. He highlighted Bob’s long-standing presence in local communities for nearly 70 years, acknowledging the significant role the stores have played in customers’ lives.
In New Jersey, the Bob’s Stores location at 3710 US-9 in Freehold is set to close soon, along with several others across Connecticut, Massachusetts, New Hampshire, New York and Rhode Island. Customers can expect discounts ranging from 30-70% off on a wide range of items as part of the “Going Out of Business Sale.”
Originally known as “Bob’s Surplus,” the chain was founded in Connecticut in 1954 and later acquired by TJX in 2003. After changing ownership multiple times, the chain was ultimately sold to GoDigital Media Group in 2022.
Bob’s Stores’ closure is part of a trend in the retail industry with other major chains like Red Lobster and Rite Aid also announcing significant store closures. Consumers are encouraged to show support for local journalism by subscribing to outlets like NJ.com to stay informed about developments affecting their communities. For more information or tips contact reporter Katherine Rodriguez at krodriguez@njadvancemedia.com