4 Bed Bath & Beyond stores in Metro Detroit to close: Here’s where

Struggling retailer Mattress Tub & Past launched the complete listing of coming retailer closures, together with 5 in Michigan, 4 of that are within the Metro Detroit space.

Mattress Tub & Past introduced the plan to shut 150 shops and slash its workforce by 20% final month in a bid to save lots of $250 million this yr. It additionally mentioned it’s contemplating promoting extra of its inventory to shore up its funds and had lined up greater than $500 million of latest financing.

The corporate launched the complete listing of retailer closures on Thursday. A few third will shut throughout the subsequent few weeks.

Listed here are the 5 Michigan shops on the listing:

• Chesterfield: 50551 Waterside Drive

• Farmington Hills: 31075 Orchard Lake Highway

• Northville: Northville Retail Middle, 17223 Haggerty Highway

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

• White Lake Twp.: 9050 Highland Highway

As of Might, the retailer operated a complete of 955 shops, together with 769 Mattress Tub & Past shops, 135 buybuy Child shops and 51 shops beneath the names Harmon, Harmon Face Values or Face Values. As of February, it had roughly 32,000 staff.

Mattress Tub & Past has been dealing with a number of turbulence lately. Its shares made a monstrous run from $5.77 to $23.08 in somewhat greater than two weeks in August, in buying and selling paying homage to final yr’s meme-stock craze, when out-of-favor corporations all of the sudden grew to become darlings of smaller-pocketed traders.