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Thursday, April 13, 2017

New England based company seeks to close dozens of stores

The company is seeking to close 48 Bob's and EMS stores in eleven states from Massachusetts to Maine to Maryland.
Eastern Outfitters LLC, the parent of discount chain Bob's Stores and outdoor retailer Eastern Mountain Sports, filed for bankruptcy protection in early February.
The company is asking a bankruptcy court to allow it to close 48 of its 86 stores as part of a plan for U.K. retailer Sports Direct International to acquire the company.
Bob’s Stores was founded by Bob Lapidus in 1954 and has 35 stores throughout the Northeast.

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