Clothing retail group TJX Inc has emerged as the winning bidder in a court auction for the bankrupt Bob's Stores chain.

The company, which operates the TJ Maxx and Marshalls stores, beat Dick's Sporting Goods for control of the Connecticut-based discount retailer.

While the transaction is still subject to bankruptcy court approval, the bid of $113 million minus adjustments should see TJX take control of all 36 Bob's Stores outlets.

In October, TJX offered to buy all of the assets of Bob's Stores, which at the time was operating under Chapter 11 protection, for about $100 million minus adjustments.