Bob’s Shops, a longtime Northeast clothes retailer chain, introduced this week that it’s shutting down after failing to safe financing amid a chapter submitting.By means of July 14, all remaining Bob’s places might be providing liquidation-level reductions on the shops’ trademark workwear, footwear, crew put on and on a regular basis family-oriented clothes. Choose retailer fixtures, furnishings, and gear may also be out there on the market.Reward playing cards and merchandise credit might be honored by shut of enterprise on July 14, the corporate stated. All gross sales are remaining, and no returns might be accepted, although exchanges might be. Bob’s listed 21 shops in its announcement.RecommendedFounded in 1954, Bob’s started as a single-store surplus outlet in Connecticut. It will definitely expanded into some three-dozen places in Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island.However firstly of this century, Bob’s entered a interval of economic turmoil that it by no means really recovered from, in the end concerned in 4 totally different bankruptcies, together with this newest one, and altering arms 5 totally different occasions.In an announcement, Bob’s President Dave Barton acknowledged the chain’s historical past within the area. “We remorse that our monetary place necessitated the liquidation of Bob’s Shops,” he stated. “Bob’s has been a stalwart of our native communities for almost 70 years, and we all know our prospects keep 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 help through the years.”Bob’s closure comes alongside troubles for its sister retailer, Japanese Mountain Sports activities. Each are owned by GoDigital Media Group, a conglomerate. EMS introduced retailer closures final month alongside its intention to vacate its headquarters in Connecticut. Rob Wile is a breaking enterprise information reporter for NBC Information Digital.