Mattress Firm, one of the largest mattress retailers in the United States, has announced plans to file for bankruptcy and close approximately 700 of its stores. This decision comes as a result of mounting financial struggles and increased competition in the industry. The company, which is owned by Steinhoff International Holdings, has been struggling with declining sales and increased pressure from online mattress retailers. In an effort to restructure and improve its financial situation, Mattress Firm has decided to close a significant portion of its stores. This news has left many customers wondering what will happen to their local Mattress Firm location. According to the company, the majority of the stores that will be closing are within close proximity to other Mattress Firm locations, so customers should still have access to their products and services.1. Mattress Firm to close 700 stores as part of bankruptcy filing
As part of its bankruptcy filing, Mattress Firm has released a list of the stores that will be closing. The majority of these stores are located in areas where there are multiple Mattress Firm locations in close proximity. If you live in any of the following areas, you may want to take note of the Mattress Firm locations that will be closing:2. List of Mattress Firm locations closing
Out of the 700 stores that Mattress Firm plans to close, 200 of them will be shut down immediately. These stores have already begun liquidation sales in an effort to clear out inventory before closing their doors for good. The remaining 500 stores will be evaluated and closed over the next few months. This process is expected to be completed by the end of the year.3. Mattress Firm closing 200 stores in bankruptcy
New York is one of the states that will be most affected by the Mattress Firm closures. Out of the 700 stores, 20 of them are located in New York. This includes stores in New York City, Buffalo, and Albany. Customers who have shopped at these locations in the past may need to find a new Mattress Firm location or look for another mattress retailer in their area.4. Mattress Firm closing 20 stores in New York
California is another state that will see a significant number of Mattress Firm closures. 10 stores in the state will be shut down as part of the company's restructuring efforts. Customers in California may want to take advantage of the liquidation sales happening at these stores before they close for good.5. Mattress Firm closing 10 stores in California
As a Texas-based company, it's no surprise that Mattress Firm has a large presence in the state. However, out of the 700 stores that will be closing, 50 of them are located in Texas. This includes stores in major cities like Houston, Dallas, and San Antonio. Customers in these areas may need to find a new mattress retailer or visit another Mattress Firm location that is not affected by the closures.6. Mattress Firm closing 50 stores in Texas
Florida is another state that will see a significant number of Mattress Firm closures. 30 stores in the state will be shutting down, including locations in Miami, Orlando, and Tampa. Customers in Florida may want to act fast and take advantage of the liquidation sales happening at these stores before they close.7. Mattress Firm closing 30 stores in Florida
Illinois is also on the list of states that will see a significant number of Mattress Firm closures. 15 stores in the state will be shut down as part of the company's restructuring efforts. This includes stores in Chicago, Peoria, and Springfield. Customers in these areas may need to find a new mattress retailer or visit another Mattress Firm location that is not affected by the closures.8. Mattress Firm closing 15 stores in Illinois
Pennsylvania is another state that will see a significant number of Mattress Firm closures. 25 stores in the state will be shutting down, including locations in Philadelphia, Pittsburgh, and Allentown. Customers in Pennsylvania may want to take advantage of the liquidation sales happening at these stores before they close for good.9. Mattress Firm closing 25 stores in Pennsylvania
Mattress Firm has a large presence in Georgia, but unfortunately, 40 of its stores will be closing as part of the company's restructuring efforts. This includes stores in Atlanta, Savannah, and Augusta. Customers in these areas may need to find a new mattress retailer or visit another Mattress Firm location that is not affected by the closures. Overall, the closures of these Mattress Firm locations may be a difficult change for some customers, but the company hopes that it will help improve its financial situation and continue to provide quality products and services to its customers.10. Mattress Firm closing 40 stores in Georgia