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Liquidation

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Bob's Stores To Close All Locations After Filing For Bankruptcy; Retailer Liquidating Inventory Bob's Stores To Close All Locations After Filing For Bankruptcy; Retailer Liquidating Inventory
Bob's Stores To Close All Locations After Filing For Bankruptcy; Retailer Liquidating Inventory Bob's Stores, the family apparel and shoe retailer, will close all of its 21 locations throughout the Northeast after the company said it is bankrupt. The stores will remain open through July 14 as the company sells its remaining items at greatly reduced prices. Some things were marked down as much as 70 percent, according to a news release. The company, which filed for Chapter 11 bankruptcy late last month, is $29.4 million in debt, according to the court filing.  Bob's President Dave Barton apologized to the communities affected by the closures.  We regret that our financ…

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by Josh Lanier
Business
Christmas Tree Shops Now Plans To Close All Its Stores Christmas Tree Shops Now Plans To Close All Its Stores
Christmas Tree Shops Now Plans To Close All Its Stores Christmas Tree Shops plans on closing all of its remaining stores after earlier this year announcing the closure of nearly a dozen of its locations, according to a new report. The 53-year-old discount home-goods chain offers seasonal decor year-round, along with assorted gifts, kitchen items, and furniture. In May, the company announced it was closing 10 of its approximately 80 stores after filing for bankruptcy.  Now, the company has reached an agreement with its stakeholders to liquidate the remaining approximately 70 stores unless a buyer emerges, according to The Wall Street Journ…

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by Joe Lombardi
Lifestyle
Clothing Chain To Close All CT, MA Stores, Laying Off Nearly 500 Clothing Chain To Close All CT, MA Stores, Laying Off Nearly 500
Clothing Chain To Close All CT, MA Stores, Laying Off Nearly 500 A clothing store with 46 locations across five states is selling off its inventory and closing all its locations.  EbLens, a retail store with a 70-year history, is liquidating its inventory and closing all its stores for the "benefit of creditors," according to Steven Victor, Executive Manager of Eblens ABC LLC.  The chain was created in New Britain, Connecticut in 1949 and now sells name-brand streetwear, footwear, and accessories.  EbLens currently employs close to 500 people across all its stores, including 17 in Connecticut and 17 in Massachusetts.  The workers will lose their jobs …

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by Morgan Gonzales