Rugged Bear files for Chapter 11 bankruptcy protection

Shoppers lamenting the exodus of stores from Wellesley Square have a new reason to fret: Rugged Bear has just filed for Chapter 11 bankruptcy protection.

Now that doesn’t mean the Rugged Bear store at 34 Central St. is going the way of so many other Wellesley businesses of late, but it does mean the regional children’s clothing chain needs to clean up its financial act. The Boston Herald quotes a source who says Rugged Bear will close its weaker stores and rally around its busiest.

Rugged Bear, Wellesley Square

RELATED: Wellesley businesses that said goodbye or hello in 2010

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