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Mattress Bathtub & Past releases preliminary listing of retailer closings

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Mattress Bathtub & Past on Thursday launched a preliminary listing of 56 shops that can shut as a part of the corporate’s turnaround plan introduced final month. 

Beneath the plan, the house items retailer mentioned it could shut a complete of 150 “lower-producing” shops. The corporate mentioned it could additionally reduce 20% of its workforce throughout company and provide chain, discontinue three of its 9 Owned Model labels, cut back the stock of its remaining Owned Manufacturers and produce again nationwide manufacturers together with Calphalon, Ugg, Cuisinart, Dyson and Oxo.

Ticker Final Change Change % BBBY 8.02 -0.77 -8.76%

Beneath is the total listing of affected retailer areas by state. A Mattress Bathtub & Past spokesperson didn’t instantly return Wholesome Dwelling Workforce’ request for touch upon when the listed retailer closings would occur. 

BED BATH & BEYOND INTERIM CEO TO SAY IN POST FOR AT LEAST A YEAR – SOURCE

Arizona

– Phoenix: 34750 N. North Valley Parkway

– Tucson: 5225 South Calle Santa Cruz

California

– Burbank: 201 East Magnolia Blvd.

– Lakewood: 75 Lakewood Heart Mall

– Larkspur: 2601 Larkspur Touchdown Circle

– Marina: 117 Normal Stilwell Drive

– Palmdale: 39421 tenth Avenue West

– Redding: 1140 Hilltop Drive

– San Leandro: 15555 East 14th Avenue, Suite 240

– Santee: 9918 Mission Gorge Street

Connecticut

– Stamford: Ridgeway Procuring Heart, 2275 Summer season Avenue

– Waterford: 850 Hartford Turnpike

Florida

– Sanford: 111 Towne Heart Blvd.

– Dawn: 12801 W. Dawn Blvd., Anchor C

Georgia

– Snellville: Presidential Market Heart, 1905 Scenic Hwy Suite 5000

– Suwanee: 2623 Peachtree Pkwy

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Illinois

– Bourbonnais: 2056 North State Route 50

– Carbondale: College Mall, 1265 E. Important Avenue

– Fairview Heights: Fairview Heart, 6611 N. Illinois

– Gurnee: 6132 Grand Ave., Gurnee Mills Mall

– Joliet: 2850 Plainfield Street

– Schaumburg: 915 East Golf Street

Iowa

– Dubuque: 2475 N.W. Arterial

– Waterloo: 1522 Flammang Drive

Louisiana

– Bossier Metropolis: 2900 Meadow Creek Drive

Massachusetts

– Dorchester: 8B Allstate Street, Suite 1

– Milford: 230 Fortune Boulevard

– Seekonk: 35 Highland Avenue

BED BATH & BEYOND APPOINTS INTERIM CFO

Michigan

– Chesterfield: 50551 Waterside Drive

– Farmington Hills: 31075 Orchard Lake Street

– Northville: Northville Retail Heart, 17223 Haggerty Street

– Walker: Inexperienced Ridge Sq., 3410 Alpine Avenue NW

– White Lake Twp.: 9050 Highland Street

Minnesota

– St. Cloud: 3959 Second Avenue South

New Jersey

– Flanders: 30 Worldwide Drive, Suite 1

– Manalapan: 13 Route 9 South

– Paramus: 34 E Ridgewood Ave

New York

– Farmingdale: 251 Airport Plaza Blvd.

– Middletown: 470 Route 211 East, Suite 3

– Mt. Vernon: 500 East Sandford Blvd.

– New Hartford: 4805 Business Drive

– Plattsburgh: 73 Centre Drive, Suite 100

Nevada

– Sparks: 195 Los Altos Pkwy

North Carolina

– Charlotte: The Arboretum, 3413 Pineville-Matthews Street

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Ohio

– Cincinnati: 3681 Stone Creek Blvd.

– Hamilton: Bridgewater Falls, 3451 Princeton Street

– Perrysburg: 10027 Fremont Pike

– Sandusky: 4020 Milan Street Unit# 910

Oregon

– Beaverton: 2780 SW Cedar Hills Blvd.

Pennsylvania

– Wynnewood: 70 E. Wynnewood Boulevard

Puerto Rico:

– Bayamon Plaza Del Sol, 725 West Important Avenue

Texas

– Port Arthur: Central Mall 3100 Freeway 365 Suite 114

– Wichita Falls: 3201 Lawrence Street Suite A

Virginia

– Christiansburg: 135 Buyers Means NW

– Leesburg: 532 Fort Evans Street

Washington

– Lakewood: 5830 Lakewood Towne Heart Blvd., S.W.

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Mattress Bathtub & Past’s actions are anticipated to scale back promoting, common and administrative bills by roughly $250 million in fiscal 2022. The corporate anticipates $250 million in deliberate capital expenditures for fiscal 2022, in comparison with its beforehand disclosed forecast of $400 million.

The corporate has additionally secured $500 million in new financing, together with a newly expanded $1.13 billion asset-backed revolving credit score facility and a brand new $375 million “first-in-last-out” facility. 

Moreover, the corporate mentioned in a regulatory submitting that it might probably launch an at-the-market providing for as much as 12 million shares of its frequent inventory. The proceeds can be used for a number of company functions, together with repurchasing or repaying a number of the firm’s debt.

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