Another Big Chain Store is Closing One of its New Jersey Locations
It's been a rough go for businesses in the Garden State over the past couple of years.
Within the past few months, shoppers in New Jersey have seen one of the last Kmart stores in existence close (there are only three left at this point), a couple of supermarkets have shut down, and countless mom-and-pop stores and restaurants have locked their doors for good.
Business is tough. Whether because of COVID, supply chain issues, or consumers changing their spending habits, the smallest and biggest of companies find themselves having to take a second look at what they're doing.
Even for stores that sell common, everyday things like clothes and shoes, turning a profit can be an uphill battle.
According to the Asbury Park Press, Bob's Stores, which sells things every person needs, is closing its store at the Freehold Raceway Mall.
A going out of business sale has already started and everything in the store has been marked down to sell as quickly as possible.
- Related Coverage: Barnes & Noble store in Union, NJ, closing
History of Bob's Stores
Bob's Stores first opened in the mid-1950s and there are currently just over two dozen stores across the northeastern part of the country. The business was acquired by the company that now runs CVS stores in 1990 and it was then bought by the parent company of TJ Maxx stores in 2003. Since then, it has been required two times.
When this store closes, one will remain in the Garden State on Route 22 in Springfield, Union County.