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Bob's Stores Footwear & Apparel and Eastern Mountain Sports have filed for Chapter 11 bankruptcy protection. The chains operate stores across the Northeast.
The chains have filed for bankruptcy protection, the fourth time for Bob's Stores in its history. The stores announced last month plans to lay off nearly 150 employees at their warehouse in Meriden and the closure of 10 stores including their locations in Hamden and Southington. The warehouse is Meriden will be closing, with online order fulfillment shifted to their stores. The move will leave the building empty. The warehouse has been the chain's headquarters and fulfillment center for most of its existence. The bankruptcy does not mean that all their stores will close. Chapter 11 Bankruptcy allows a company to keep operating while negotiating with creditors and formulating a plan to move forward. This could mean more underperforming stores could close. Bob's and EMS have 369 creditors, with assets and liabilities between $50-100 million. The chain is currently doing a major remodel of their Manchester location to add an Eastern Mountain Sports to the Bob's Store. The chain also planned to open a new flagship store in Norwalk; this appears to be onhold. Eastern Mountain Sports has been on a store opening spree with new locations in Danbury, Burlington VT, Canton MA, and Deptford NJ. Bob's currently operates stores in Manchester, Waterford, Newington, Waterbury, Middletown, Simsbury, Milford, and Ansonia. Eastern Mountain Sports operates stores in Danbury and Waterford.
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