Bob's Stores closes after 70 years, huge discounts offered

Clothing giant in the United States declares bankruptcy. Bob's Stores, after 70 years of operation, is closing all its locations, reports CNN. Huge sales have started in the popular chain's stores.

"We regret that our financial situation forced the liquidation of Bob's Stores. Bob's has been a pillar of our local communities for nearly 70 years, and we know that our customers remember us as those who were present during important moments of their lives," CNN quotes Dave Barton, CEO of Bob's Stores.

CNN reports that Bob's has half of its stores in Connecticut and the rest in Massachusetts, New Hampshire, New Jersey, New York, and Rhode Island. All locations offer large discounts on everything the company sells, from shoes to clothes. Discounts range from 30% to 70%.

Bob's Stores will be closed by July 14 of this year.

As reported by "Super Express," the clothing chain has been struggling with financial problems for a long time. In May, 150 employees were laid off.