Find 68+ Alluring Mattress Firm Closing List Most Outstanding In 2023

After years of struggling with increasing competition and declining sales, Mattress Firm has announced that they will be closing 700 of their stores across the United States. This comes as a major blow to the company, which once dominated the mattress retail market with over 3,000 stores nationwide. The closures are expected to take place over the next few months, with some stores already beginning their liquidation sales.

This decision was made as part of Mattress Firm's plan to restructure and emerge from bankruptcy. The company filed for Chapter 11 bankruptcy in October 2018, citing over $3 billion in debt. The store closures are a crucial step in their efforts to turn the company around and become profitable once again.

With 700 stores set to close, many customers are left wondering if their local Mattress Firm will be one of them. Below is a list of the confirmed store closures so far:

1. Phoenix, Arizona - 15 stores
2. Houston, Texas - 16 stores
3. Denver, Colorado - 8 stores
4. Chicago, Illinois - 10 stores
5. Orlando, Florida - 7 stores
6. Las Vegas, Nevada - 5 stores
7. Atlanta, Georgia - 14 stores
8. Los Angeles, California - 12 stores
9. New York City, New York - 9 stores
10. Seattle, Washington - 6 stores

Please note that this is not a complete list and more store closures may be announced in the future. Customers are advised to check the company's website or call their local store for updates.

The 700 stores that are closing represent about one-fifth of Mattress Firm's locations in the United States. The company has not yet released a full list of the closing stores, but they have stated that they will mainly be closing underperforming locations. This includes stores that are not meeting sales targets or are in areas with high competition.

According to CEO Steve Stagner, the goal is to "strengthen our balance sheet and optimize our store footprint to better position the company for sustainable growth". This means that the remaining stores will be in prime locations and will be better equipped to serve customers and drive sales.

The decision to file for Chapter 11 bankruptcy was a difficult one for Mattress Firm, but it was necessary in order to stay afloat. The company faced increasing competition from online retailers, such as Casper and Tuft & Needle, who were able to offer lower prices and more convenient shopping experiences. In addition, the rise of bed-in-a-box companies like Purple and Nectar also cut into Mattress Firm's market share.

By filing for bankruptcy, the company aims to reduce their debt and restructure their operations to become more competitive in the changing mattress industry. They have also received $250 million in financing to continue operating during the bankruptcy process.

As the store closures take place, customers can expect to find discounted prices on mattresses, bedding, and other products at the affected stores. Mattress Firm has stated that they will honor all warranties and exchanges, even at the closing locations. However, customers are encouraged to use their warranties and return policies as soon as possible, as these may not be honored once the stores have closed for good.

The company has also assured customers that they will continue to have a strong online presence and will still offer delivery and installation services in areas where their physical stores are closing.

As the store closures progress, Mattress Firm will be holding liquidation sales at the closing locations. This means that customers can expect to find steep discounts on all products as the company tries to clear out their inventory. Mattresses, bed frames, pillows, and other accessories will all be marked down in order to make room for new stock at the remaining stores.

Customers are advised to act fast if they want to take advantage of these deals, as items are expected to sell out quickly. It's also important to keep in mind that all sales are final, so be sure to choose carefully before making a purchase.

Despite the significant store closures, Mattress Firm has stated that they have no plans to go out of business entirely. They will still have hundreds of stores operating across the country and will continue to offer a wide selection of mattresses and bedding products. The company is confident that their restructuring plan will help them become profitable once again and remain a strong player in the mattress retail industry.

As the store closures continue, Mattress Firm is working to make the process as smooth as possible for both customers and employees. The company has stated that they will do their best to relocate employees from closing stores to other locations, and they are also offering severance packages and job placement assistance.

For customers who have recently made purchases at a closing store, the company has stated that they will do their best to fulfill orders and ensure that customers receive their products. If this is not possible, customers will receive a full refund.

If you've been thinking about buying a new mattress, now may be the time to do it. With the store closing sales, customers can expect to find some great deals on high-quality mattresses from top brands like Serta, Sealy, and Simmons. This is also a great opportunity to upgrade your bedding or purchase new accessories like pillows and mattress protectors at a discounted price.

Remember to act fast and make use of your warranties and return policies before the stores close for good. And keep an eye out for updates on additional store closures as Mattress Firm continues to restructure and adapt to the changing retail landscape.

While the full list of store closures has not been released, customers can expect to see a significant number of Mattress Firm stores shutting down in the coming months. If your local store is on the list, don't wait too long to take advantage of the liquidation sales and deals on offer. And even if your store is not closing, it's a good time to check out their website or visit a nearby location to see what kind of discounts are available.

As Mattress Firm works to turn their business around and emerge from bankruptcy, customers can expect to see changes and improvements in the remaining stores. And with the competitive prices and strong brand reputation, they are sure to continue being a top choice for mattress shoppers across the country.