BIDENOMICS Claims Another Victim: Retail Store Chain Bob's Stores To Close Down All Locations By July 14

 Bob's Stores, a retailer specializing in athletic and casual clothing across six states, is closing all its locations.

In May, parent company GoDigital Media Group announced plans to lay off 150 staff members and close 10 stores across both brands.

Bob's Stores was named after founder Bob Lapidus, who opened the first store in 1954 in Middletown, Connecticut.

Burt Flickinger III, managing director of retail consulting firm Strategic Resource Group, commented: "Bob's and EMS know how to run good, profitable, and productive stores that offer great merchandise with great value, but they're facing an accelerating retail ice age."

Dollar stores have also been severely affected, with 99 Cents Only announcing in April that it would shutter all 371 of its locations across California, Texas, Arizona and Nevada.

1,000 Family Dollar and Dollar Tree stores will be permanently shut down over the next few years.

Rite Aid to CLOSE 27 more stores due to ongoing bankruptcy proceedings. 

https://www.naturalnews.com/2024-07-05-retail-chain-bobs-stores-close-all-locations.html