Electronics Retailer Bernie’s Files Chapter 11
The New England-based 63-year-old chain plans to close its 15 stores.
January 15, 2010 by Tom LeBlanc

Another long-time electronics retailer appears to have fallen victim to a rough economy.

Connecticut-based electronics retailer Bernie’s, which was founded in 1947, has filed for Chapter 11 bankruptcy protection and plans to close its 15 stores, according to the Associated Press.

With 350 employees, Bernie’s has nine stores in Connecticut, five in Massachusetts and one in Rhode Island.

An attorney for Bernie’s made the announcement via a news release. The company says the economy and a “challenging retail environment” led to the bankruptcy filing.

As part of the bankruptcy filing, the U.S. Bankruptcy Court has been asked to approve a liquidation sale. The company also asked for permission to honor customer deposits, gift cards and rebates.

For New England electronics consumers, their retail choices are dwindling. Tweeter, which opened its Boston and Cambridge, Mass., stores in 1972, folded in December 2008.

Bernie’s began in 1947 as a gas station.

Follow Electronic House on Facebook and Twitter.
FREE Charter Platinum Membership
Claim your FREE Charter Platinum Membership to EH Network and receive 6 FREE issues of EH Magazine.*
First Name
Last Name
Email Address

We understand your email address is private. By granting you access to the EH Network, you agree to receive email communications from us, including our newsletters. You can manage your subscription at any time in the future.
* The new EH Network launches and your free subscription begins December 2014.


Commenting is not available in this weblog entry.