A Giant Clothing Retailer Is Now Confirming More Painful Closures

June 7, 2024

A giant clothing retailer is now confirming more painful closures, citing the shutdowns are part of ‘aggressive changes’ taking place.

Executives at Bob’s Stores’ parent company Go Digital Media Group have decided to close some of its underperforming stores.

Bob’s Stores has been part of the American retail scene since the 1950s but outlets in New Jersey and Connecticut are to close, per the NBC affiliate WVIT-TV.

Stores in Freehold and Watchung, New Jersey are set to be impacted.

Bob’s Stores located in Southington and Hamden, Connecticut will also be closing.

Closure dates have not yet been announced, but bosses have thanked staffers set to be impacted.

“This decision was not made lightly,” a spokesperson for the company said.

The chain, known for selling footwear and clothes, has around 20 locations across the US.

News of the pending shutdowns has gone viral, sparking a mixed response on social media.

Some shoppers claimed the items sold were too expensive, while others have been left in despair.

“I liked that store,” one fan cried.

Online shoppers are met with the message “Under Construction” when they head to the chain’s website.

“We’ll be back soon with an enhanced online shopping experience,” it says.

“In the meantime, our stores are open and stocked.”

The U.S. Sun reports that it has approached Go Digital Brands for comment.

Go Digital Brands is also the parent company of Eastern Mountain Sports.

A total of five Eastern Mountain Sports stores are also scheduled to close.

The locations impacted include Manchester, New Hampshire, Deptford, New Jersey, and Freeport, Maine.

Stores in Burlington and Hyannis, Massachusetts.

An Eastern Mountain Sports outlet in East Albany, New York, shut up shop on June 2.

In the run-up to the shutdown, signs informing customers that the outlet’s days were numbered were put up in the windows.

Last month, bosses at the Stuyvesant Plaza, where the store was located, admitted the outlet’s future was uncertain.

“Things are very fluid right now,” a spokesperson told the Times Union.

For more store closure news and updates like this, opt-in for push notifications.

Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

Other Economy News Today

An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.

TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.

This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.

The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.

Today, Fridays will welcome in famished diners at its location in Brick for the final time.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.

“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”

Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.

Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.

The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.

Also Read: Retirees Will Now Receive More Money For Social Security

Market News Published Daily 📰

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Our readers can now donate $3 per month to support independent journalism.

For daily news and updates on your favorite stories, opt-in for push notifications.

Follow Frank Nez on X (Twitter), Instagram, or Facebook.

More Market News 📰