Bob’s Stores, which was acquired by TJX Companies out of bankruptcy in December 2003, continues to disappoint its new parent. The exodus of TJX and Bob’s senior management continued over the last few weeks after Ben Cammarata, chairman and acting CEO of TJX Companies, last month laid out his vision for what needs to happen to turn business around at TJX. The changes include an exit from its e-commerce business and some repositioning of its smaller nameplates, including Bob’s Stores.

Bob’s Stores saw sales dip a bit to $80.1 million in the fiscal third quarter from $80.9 million in the year-ago quarter. The 36-store chain posted a $6.7 million net loss for the period ended October 29, a 182% increase in the loss compared to a $2.4 million loss in Q3 last year.


>>> Anyone doubt the real estate would be turning a profit these days if Dick’s Sporting Goods had prevailed at the auction???