‘Stalwart’ Clothing Chain Announces It’s Closing All Locations
Yet another large business chain has shuttered its doors as the U.S. economy continues to flounder.
Bob’s Stores, a discount clothing store franchise, is going out of business.
All the business’s many locations, most of which are in Massachusetts and Connecticut, will be shutting their doors.
According to a Tuesday report from CBS News, the owner of the company filed for Chapter 11 bankruptcy due to a severe lack of liquid assets.
The chain’s president, Dave Barton, released a statement announcing the impending shutdown.
“We regret that our financial position necessitated the liquidation of Bob’s Stores,” Barton said.
“Bob’s has been a stalwart of our local communities for nearly 70 years,
