A POPULAR Northeast low cost clothes retailer is shutting all its places after submitting for chapter. Bob’s Shops initially introduced it might shut a choose variety of shops earlier than revealing all places would shut.A client blamed Amazon as the rationale a preferred clothes retailer shut downCredit: GettyBob’s Shops having remaining gross sales of as a lot as 70% off earlier than it closesCredit: GettyThe firm just lately filed for bankruptcyCredit: AlamyUnfortunately, the retailer couldn’t safe the funds to proceed operations as ordinary.Within the remaining days, shops in Connecticut, Massachusetts, New Hampshire, New Jersey, New York, and Rhode Island are holding “going out of enterprise” gross sales.Customers can discover objects for as a lot as 70% on all objects, together with footwear and group put on.Bob’s sells manufacturers like Nike, Adidas, and Carhartt, and attire from NFL, NBA, and MLB groups.learn extra on retailer closuresThe firm introduced that the ultimate day of enterprise is July 14.”We remorse that our monetary place necessitated the liquidation of Bob’s Shops,” stated Dave Barton, president of Bob’s Shops.“Bob’s has been a stalwart of our native communities for practically 70 years, and we all know our prospects bear in mind us as having been there for main moments of their lives. “We stay grateful to our distributors, suppliers, prospects, and workers for all of their assist over time.”CUSTOMERS REACTDespite the offers provided by the liquidation sale, prospects have been nonetheless heartbroken to listen to concerning the closings.”Amazon wins once more,” wrote shopper Kevin (@imkevinbrooks) on X. Dick’s Sporting Items rival blames ‘retail ice age’ as proprietor information for chapter & prepares to shut 10 shops”As a Southington resident, it is disappointing. There is no different place on the town to purchase sneakers,” wrote a client who typically visited a location in Connecticut.One other resident stated the closures got here as a shock.”Simply bought information Bob’s Shops Footwear & Attire is closing this Sunday, very quick shut caught us all without warning, get in now to make use of your present playing cards and rewards,” they wrote.Nonetheless, retail consultants say they noticed it coming.”Bob’s and EMS know methods to run good, worthwhile, and productive shops that provide nice merchandise with nice worth,” Burt Flickinger III, managing director of retail and shopper items consulting agency Strategic Useful resource Group, instructed CT Insider.“However they’re going through an accelerating retail ice age.”Bob’s Shops and EMS retailer closuresBob’s Shops and Jap Mountain Sports activities have introduced 10 closures throughout the east coast.Bob’s Shops that plan to shut are:Hamden, CTSouthington, CTFreehold, NJWatchung, NJEastern Mountain Sports activities retailer closures embody:Burlington, MADeptford, NJFreeport, MEHyannis, MAThe EMS places in Albany, NY and Manchester, NH are already closed.Precise time limits haven’t been launched.In keeping with SGB MediaEastern Mountain Sports activities is one other retailer owned by Bob’s dad or mum firm, GoDigital Media Group.”Whereas GoDigital Media Group has invested vital sources to assist, rightsize, and restructure operations and work towards revitalizing the enterprise, we confronted substantial monetary challenges – a flip available in the market starting in April 2023, rising rates of interest and inflation – all of which impacted firm efficiency,” the corporate wrote in a press release after submitting for chapter.”This restructure is a mandatory step to allow a wholesome enterprise that may proceed to serve its communities and develop in years to return.”One other well-liked low cost retailer confirmed one other closure because it battles shutting down for good.Walgreens introduced 26 shops closing because it revealed that as many as 25% of its places might shut.