Sale event being managed by Hilco Merchant
Resources and Gordon Brothers.
NORTHBROOK, Ill., July 1, 2024
/PRNewswire/ -- Bob's Stores ("Bob's"), a subsidiary of GoDigital
Media Group, announced that the company will close all of it's
Bob's locations and liquidate all inventory, as part of the Chapter
11 restructuring petition filed on June 18,
2024. Despite making swift and aggressive changes to the
company's structure and operations, Bob's Stores was unable to
secure the finances needed to maintain operations. Bob's stores
began Going Out of Business sales in stores on Friday June 28, with discounts of 30-70% off.
Hilco Merchant Resources in a joint venture with Gordon Brothers will manage the liquidation
event, that will include all Bob's stores throughout Connecticut, Massachusetts, New
Hampshire, New Jersey,
New York and Rhode Island, offering unprecedented discounts
on a wide range of workwear, footwear, team wear and everyday
clothing for the whole family. Shoppers will find significantly
reduced prices on leading national brands across the stores. Select
store fixtures, furniture, and equipment will also be available for
sale.
Dave Barton, President of Bob's
Stores said, "We regret that our financial position necessitated
the liquidation of Bob's Stores. Bob's has been a stalwart of our
local communities for nearly 70 years, and we know our customers
remember us as having been there for major moments in their lives.
We remain grateful to our vendors, suppliers, customers and
employees for all of their support over the years."
This event marks a final opportunity for loyal customers to take
advantage of massive savings on everything in store. Top-selling
items from the most popular brands will be discounted and will sell
out very quickly. Customers are encouraged to visit their nearest
Bob's location early to take full advantage of the best selection
of discounted merchandise before it sells out.
Gift cards and merchandise credits will be honored through close
of business on July 14, 2024, local
time. All sales are final during this store closing event. No
returns will be accepted. Exchanges will be accepted in accordance
with the Company's existing policies through the close of business
on July 14, 2024, local time. No
exchanges for purchases made after July
14th, 2024, will be accepted.
Liquidation Sale Details
Start Date: June 28, 2024
Discounts: 30-70% off regular retail prices across all
departments
Find a store near you: https://shopgenius.com/bobs-stores
Locations
Store
Name
|
Address
|
City
|
State
|
Zip
|
Bob's
Stores
|
409 Main
St
|
Ansonia
|
CT
|
06401
|
Bob's
Stores
|
2300 Dixwell
Ave
|
Hamden
|
CT
|
06514
|
Bob's
Stores
|
179 Pavilions
Dr
|
Manchester
|
CT
|
06042
|
Bob's
Stores
|
416 East Main
St
|
Middletown
|
CT
|
06457
|
Bob's
Stores
|
195 Cherry
St
|
Milford
|
CT
|
06460
|
Bob's
Stores
|
172 Kitts
Lane
|
Newington
|
CT
|
06111
|
Bob's
Stores
|
504 Bushy Hill
Rd
|
Simsbury
|
CT
|
06070
|
Bob's
Stores
|
835 Queen
St
|
Southington
|
CT
|
06489
|
Bob's
Stores
|
910
Wolcott
|
Waterbury
|
CT
|
06705
|
Bob's
Stores
|
287 Washington
St
|
Attleboro
|
MA
|
02703
|
Bob's
Stores
|
146 Whalon
St
|
Fitchburg
|
MA
|
01420
|
Bob's
Stores
|
50 Holyoke St
Unit C242
|
Holyoke
|
MA
|
01040
|
Bob's
Stores
|
230 Main
St
|
Middleton
|
MA
|
01949
|
Bob's
Stores
|
59 Mazzeo
Dr
|
Randolph
|
MA
|
02368
|
Bob's
Stores
|
92 Cluff
Crossing
|
Salem
|
NH
|
03079
|
Bob's
Stores
|
3710
US-9
|
Freehold
|
NJ
|
07728
|
Bob's
Stores
|
191 Centereach
Mall
|
Centereach
|
NY
|
11720
|
Bob's
Stores
|
135-187 Sunrise
Hwy
|
West
Islip
|
NY
|
11795
|
Bob's
Stores
|
1400 Oaklawn
Ave
|
Cranston
|
RI
|
02920
|
Bob's Stores
|
167 Parkway
N
|
Waterford
|
CT
|
06385
|
Bob's Stores
|
168 Milk
St
|
Westborough
|
MA
|
01581
|
Bob's Stores is represented by Goldstein & McClinton LLLP as
legal advisors.
About Bob's Stores: Bob's Stores boasts a nearly 70-year
history of providing families with a broad selection of leading
national brands. The retail brand has a strong reputation for
affordable prices and comprehensive merchandise offerings. Bob's
Stores is a subsidiary of GoDigital Media Group, a multinational
conglomerate dedicated to inspiring happiness by connecting
community, content, and commerce across consumer passion
points.
About Hilco Merchant Resources: Hilco Merchant
Resources (www.hilcomerchantresources.com) provides a wide range of
analytical, advisory, asset monetization, and capital investment
services to help define and execute a retailer's strategic
initiatives. Hilco Merchant Resources' activities fall into several
principal categories including acquisitions; disposition of
underperforming stores; retail company or division wind downs;
event sales to convert unwanted assets into working capital;
facilitation of mergers and acquisitions; interim company, division
or store management teams; and, the monetization of furniture,
fixtures and equipment. Hilco Merchant Resources is part of
Northbrook, Illinois based Hilco
Consumer-Retail.
(https://hilcoglobal.com/companies/hilco-consumer-retail/)
About Gordon Brothers: Since 1903,
Gordon Brothers
(www.gordonbrothers.com) has helped lenders, management teams,
advisors and investors move forward through change. The firm brings
a powerful combination of expertise and capital to clients,
developing customized solutions on an integrated or standalone
basis across four services areas: valuations, dispositions,
financing, and investment. Whether to fuel growth or facilitate
strategic consolidation, Gordon
Brothers partners with companies in the retail, commercial
and industrial sectors to provide maximum liquidity, put assets to
their highest and best use and mitigate liabilities. The firm
conducts more than $100 billion worth
of dispositions and appraisals annually and provides both short-
and long-term capital to clients undergoing transformation.
Gordon Brothers lends against and
invests in brands, real estate, inventory, receivables, machinery,
equipment, and other assets, both together and individually, to
provide clients liquidity solutions beyond its market-leading
disposition and appraisal services. The firm is headquartered in
Boston, with over 30 offices
across five continents.
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SOURCE Hilco Merchant Resources