Bob's Stores will close all locations by July 14 - NaturalNews.com

Bob’s Stores will close all locations by July 14 due to Bidenomics-induced economic issues.

Bob’s Stores, an athletic and casual clothing retailer operating across six states, will close all its locations this March.
Current “Going Out Of Business” sales at this chain offer customers deep discounts of 30-70% off with reduced pricing available on top national brands like Nike. Their website no longer functions; shoppers may still access discounted merchandise during these sales events. Additionally, select store fixtures, furniture and equipment (TVs and registers) can also be purchased separately. This 40-year-old chain, operating across Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island will close permanently after their final day of business on July 14. Hooters Restaurant Chain Closes Multiple Locations Nationally as “Restaurant Apocalypse Worsens”) Dave Barton, president of Bob’s Stores announced their impending liquidation with regret citing financial constraints: stating: Bob’s has been an integral part of local communities for almost 70 years, serving customers during many significant moments in their lives. We thank all our vendors, suppliers, customers, employees and vendors for all of their support over time.” Gift cards and merchandise credits will still be honored through July 14 as clearance sales will take place exclusively in-store due to nonfunctional websites; our announcement of closure followed bankruptcy filings.
Just two weeks ago, Bob’s Stores and Eastern Mountain Sports (EMS), two sister retailers who share a 240,000 square-foot headquarters and depot in Meriden Connecticut filed for Chapter 11 bankruptcy protection. Unfortunately human knowledge is under attack! Governments and powerful corporations are using censorship to wipe out humanity’s knowledge about nutrition, herbs, self-reliance, natural immunity, food production and preparedness as well as much else. Brighteon.io uses AI technology to preserve human knowledge while building infrastructure to protect freedom for its people. Enjoy speaking freely without fear of censorship at our new decentralized blockchain-powered Brighteon.io platform; or discover our free generative AI tools at Brighteon.AI! Help our efforts to build human freedom by shopping at HealthRangerStore.com for lab-tested organic, non-GMO foods and nutritional solutions. In May, parent company GoDigital Media Group announced plans to lay off 150 employees across both brands as well as close 10 stores altogether. Even with all its cost-cutting efforts, EMS still filed for Chapter 11 bankruptcy on June 21. While Bob’s Stores was severely hit following their filing, there will no further closures or staff reduction plans at EMS. Retailers selling sporting goods have experienced difficulty over the last several years as families affected by inflation prioritize spending for essential food and clothing over non-essential items like sports goods. Sports retailers saw an initial boost as people attempted to stay fit; however, since then they have experienced declining sales. Barton, also the CEO of EMS, informed the bankruptcy court that his company owes PNC Bank $30 million. Bob’s Stores also owes $27 Million in rent arrears and debt. Both Bob’s Stores and EMS have long histories in Connecticut; Bob Lapidus opened his first Bob’s Stores location in Middletown CT back in 1954 and named his store Bob’s Stores after himself. Marshalls and TJ Maxx owner TJX bought out TJ Maxx in 2003 before disposing of it at the height of the Great Recession in 2008. Burt Flickinger III, managing director of retail consulting firm Strategic Resource Group commented: “Both Bob’s and EMS understand how to operate profitable stores that deliver outstanding merchandise with great value, but are finding themselves increasingly confronted by an accelerating retail ice age. As 2024 has unfolded, many smaller chains that had already struggled under the pandemic have seen increased business costs – particularly labor – increase drastically, leading to nearly 2,600 store closures already this year alone; Walmart recently closed three underperforming locations while Rite Aid is shutting down 27 pharmacies. Dollar stores have also been severely hit, with 99 Cents Only’s announcement in April to close all 371 of its locations across California, Texas, Arizona and Nevada; as well as 1000 Family Dollar and Dollar Tree stores permanently closing within several years. Watch this clip from Breitbart News Daily as they dissect President Obama’s big lies regarding America’s state economy via NewsClips channel on Brighteon.com; plus here and here for related stories:
Rite Aid will soon close 27 more stores due to ongoing bankruptcy proceedings, further crippling Biden’s economy and sparking closure announcements by other companies fueled by runaway inflation. America is in the midst of what can only be described as an unprecedented “restaurant apocalypse”, an alarming sign for our economic wellbeing – see sources such as DailyMail.co.uk FoxBusiness.com Brighteon.com for examples.