According to CNN, "Bob’s joins a growing number of retail bankruptcies in 2024, spurred from a slowdown in consumer spending and rising inflation."
Oh, you mean the rising inflation that has both caused consumers to slow down their spending and also resulted in record corporate profits? We're calling that inflation?
Bob's was purchased by private equity firm GoDigital Media Group in 2022, and it took them two years to drive this 70 year old business into bankruptcy.
https://www.cnn.com/2024/07/03/business/bobs-stores-closures/index.html
The Mïghty Kräcken /
npub1tp…pxtcg
2024-07-04 10:29:19
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npub1tpxf27k5hzztra99kqedx748j0ql3ylycypjzky65d6fleuumfhsdpxtcgPublished at
2024-07-04 10:29:19Event JSON
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