In a surprising move, popular mattress retailer Mattress Firm has announced plans to close 700 of its stores across the country. This decision comes after the company's recent bankruptcy filing and struggles to compete with online mattress companies. The closures are expected to take place over the next few months, with the majority of stores closing by the end of the year.Mattress Firm to Close 700 Stores
1. Mattress Firm to close 700 stores
As part of its restructuring plan, Mattress Firm has also revealed that it will be closing an additional 200 stores in 2019. This is in addition to the 700 stores already announced for closure. The company has stated that these closures are necessary in order to streamline operations and improve profitability.Mattress Firm to Close 200 Stores in 2019
2. Mattress Firm to close 200 stores in 2019
Texas will be among the states hardest hit by Mattress Firm's store closures, with 20 stores set to close in the Lone Star State. This is not surprising, as Texas has been a key market for the company with a large number of locations. The closures are expected to impact both urban and suburban areas across the state.Mattress Firm Closing 20 Stores in Texas
3. Mattress Firm closing 20 stores in Texas
Plano, a bustling city in the Dallas-Fort Worth metroplex, will be losing three of its Mattress Firm locations. This includes the store on Preston Road, which has been a staple in the community for years. The other two stores set to close are located in the Shops at Willow Bend and Preston Park Village shopping centers.Mattress Firm Closing 3 Stores in Plano
4. Mattress Firm closing 3 stores in Plano
Neighboring city Frisco will also be affected by Mattress Firm's store closures, with two locations set to shut their doors. This includes the store on the Dallas North Tollway and the store on Gaylord Parkway. The closures will leave Frisco with only one remaining Mattress Firm location.Mattress Firm Closing 2 Stores in Frisco
5. Mattress Firm closing 2 stores in Frisco
The city of Allen will also be losing one of its Mattress Firm locations as part of the closures. This store, located in the Allen Premium Outlets, will be shutting down along with the other stores across the country. This will leave Allen residents with only one remaining Mattress Firm store in the city.Mattress Firm Closing 1 Store in Allen
6. Mattress Firm closing 1 store in Allen
McKinney, another rapidly growing city in the Dallas-Fort Worth area, will also be affected by the store closures. The Mattress Firm located on Highway 380 will be closing its doors, leaving McKinney with only one remaining location on North Central Expressway.Mattress Firm Closing 1 Store in McKinney
7. Mattress Firm closing 1 store in McKinney
Richardson, a suburb just north of Dallas, will also see one of its Mattress Firm stores close down. The store located on North Central Expressway will be shutting its doors, leaving only one remaining location in the city. This closure comes as a disappointment to many local residents who have been loyal customers of the store for years.Mattress Firm Closing 1 Store in Richardson
8. Mattress Firm closing 1 store in Richardson
The Colony, a small city located north of Dallas, will also be impacted by the Mattress Firm closures. The store located on Main Street will be closing, leaving only one remaining location in the city. This will be a big loss for the community, as the store has been a popular destination for those in need of a new mattress.Mattress Firm Closing 1 Store in The Colony
9. Mattress Firm closing 1 store in The Colony
The city of Carrollton, located in the heart of the Dallas-Fort Worth area, will also be losing one of its Mattress Firm locations. The store located on North Josey Lane will be closing its doors, leaving only one remaining store in the city. This closure comes as a surprise to many, as the location has been a busy and successful store for the company. In conclusion, the closure of 700 Mattress Firm stores across the country, including 10 in the Dallas-Fort Worth area, is a major shakeup for the company and its customers. While it may be a difficult transition for some, the company hopes that these closures will help them get back on track and continue to provide quality mattresses and customer service to its loyal customers.Mattress Firm Closing 1 Store in Carrollton
10. Mattress Firm closing 1 store in Carrollton
The Impact of Mattress Firm's Closing on the Plano Community
Understanding the Significance of Mattress Firm in Plano
When it comes to shopping for a new mattress, many residents in Plano, Texas turned to Mattress Firm as their go-to store. With its convenient location and wide selection of mattresses, Mattress Firm has been a staple in the Plano community for years. However, recent news of the company's financial struggles and plans to close several of its stores, including the one in Plano, has left many residents wondering about the impact on the community.
A Loss for the Local Economy
The closure of Mattress Firm in Plano means more than just the loss of a popular store. It also means a loss of jobs for the employees who worked there. With the unemployment rate already on the rise due to the current economic climate, this closure will have a significant impact on those individuals and their families. It also means a decrease in revenue for the local economy, as Mattress Firm was a well-established business in the area.
A Shift in the Retail Landscape
The closing of Mattress Firm in Plano also highlights the changing retail landscape. With the rise of online shopping, traditional brick-and-mortar stores have been struggling to keep up. This is especially true for mattress stores, as more and more people are opting to purchase mattresses online. The closure of Mattress Firm in Plano may serve as a sign of things to come for other retail stores in the area.
Opportunities for New Businesses
While the closure of Mattress Firm in Plano may be seen as a negative, it also presents opportunities for new businesses to enter the market. With a prime location now available, entrepreneurs and small businesses have the chance to bring something new and exciting to the Plano community. This could potentially bring a fresh perspective and attract new customers to the area.
The Future of Mattress Shopping in Plano
As the community adjusts to the closure of Mattress Firm in Plano, it may also lead to a shift in the way people shop for mattresses. With more options available online, it's possible that residents may turn to e-commerce for their mattress needs. However, for those who prefer to shop in-store, there are still other mattress retailers in the area to choose from. Overall, the closing of Mattress Firm in Plano marks a significant change in the community, but it also presents opportunities for growth and development.
