Mattress Bathtub & Past to shut Orange Metropolis retailer, a part of nationwide closures – Daytona Seaside Information-Journal

Mattress Bathtub & Past has begun a store-closing sale at its longtime location on the West Volusia Towne Middle buying heart in Orange Metropolis.
The closure, which is predicted to happen someday in early 2022, will depart the financially struggling New Jersey-based retail chain with only one brick-and-mortar retailer in Volusia County: the Mattress Bathtub & Past retail outlet on the Worldwide Speedway Sq. retail heart at 2500 W. Worldwide Speedway Blvd. in Daytona Seaside.
The choice to shut its west Volusia County retailer at 963 Harley Strickland Blvd. in Orange Metropolis is a part of the chain’s plans to shut 37 shops in 19 states.
The retail chain’s web site now features a checklist of its places the place the store-closing gross sales have begun. The upcoming Orange Metropolis retailer closure is the one one deliberate by the chain in Florida.
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Mattress Bathtub & Past on Thursday reported a net lack of $276 million in its fiscal third quarter which ended Nov. 27, 2021. The chain additionally posted on its web site an up to date presentation to traders that states that it ended the third quarter having closed 170 of the 200 places it has got down to eradicate as a part of its monetary turnaround plans. It additionally acknowledged that it anticipated to shut no less than one other 30 shops throughout its fiscal fourth quarter, which concludes on the finish of February 2022.
The 37 deliberate retailer closures within the chain’s newest cost-cutting spherical are a part of its beforehand introduced plans to eradicate 200 brick-and-mortar places. Conversely, the chain acknowledged that it has additionally transformed 82 of the prevailing shops it plans to maintain with an general purpose of transforming 130 by the tip of the present fiscal yr. The corporate had 809 shops as of Nov. 27.
“After cautious consideration, Mattress Bathtub & Past has determined to shut the Orange Metropolis location within the coming months, as a part of our beforehand introduced retailer closure plans,” the corporate acknowledged in an electronic mail to The Information-Journal. “We beforehand shared this info with our valued Associates and retailer closing gross sales have already begun. Whereas the choice to shut a retailer is all the time a tough one, Mattress Bathtub & Past appears ahead to serving space prospects at different shops, together with in Sanford, Oviedo, Apopka and Daytona Seaside, in addition to on-line and our cell app.”
West Volusia Towne Middle was in-built 2007. The middle’s leasing agent, Brian Jones of Choose Methods Realty, has already begun itemizing the 25,000-square-foot retailer area that Mattress Bathtub & Past will quickly be vacating as accessible for lease. The storefront area is sandwiched between Michael’s and Ulta.
The Orange Metropolis Mattress Bathtub & Past retailer is believed to make use of 35 staff, in line with Dun & Bradstreet, a service that provides info on industrial credit score in addition to stories on companies.