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73°
Friday, oct 4
Tag:
Liquidation
Business
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…
Business
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…