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Mattress Tub & Past is closing a further 87 shops, because the troubled residence items retailer seeks to consolidate its property forward of a attainable chapter submitting.
The corporate confirmed the closures in an announcement, including it was additionally closing all Harmon well being and sweetness retailer places.
"As we work with our advisors to think about a number of paths, we're implementing actions to handle our enterprise as effectively as attainable," it mentioned, including that it's analyzing its retailer footprint "based mostly on quite a lot of components."
The chain can also be closing 5 buybuy BABY shops. In whole, the corporate has introduced 237 retailer closures since final yr.
The newest closures have an effect on shops nationwide; a full listing of the newest places shutting down might be discovered right here.
On Tuesday, Reuters reported Mattress Tub & Past may file for chapter as quickly as this week. Final week, the corporate mentioned it defaulted on a mortgage to JP Morgan Chase and Co.
Sources have additionally instructed Reuters the corporate is contemplating skipping debt funds due Wednesday, a typical transfer that distressed corporations take to preserve money.
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