Mattress Firm

retaildive | October 11, 2018

After filing for bankruptcy Oct. 5, Mattress Firm noted in a press release that it has received court approval for all first day motions, including access to an initial portion of its bankruptcy financing — up to $150 million, per court documents. Mattress Firm's plan for store closures has also been approved by the court, allowing the retailer to shutter 209 underperforming locations (or those too close to other Mattress Firms) by the end of October, according to court documents. The ...

retaildive | October 04, 2018

Mattress Firm is reportedly preparing to file for bankruptcy as soon as this week, according to Reuters, which first reported the story, and The Wall Street Journal. Unnamed sources familiar with the matter told Reuters that the mattress retailer was looking to exit costly store leases and shore up its business. Mattress Firm did not immediately respond to Retail Dive's request for comment; the company's private equity owner, Steinhoff International Holdings, declined comment. Mattress F...

retaildive | November 19, 2018

Just over a month after it filed for bankruptcy (and under the initial 45 to 60 days the retailer had planned for), Mattress Firm announced Friday that it gained court approval to exit Chapter 11, according to court documents. The retailer expects to emerge from bankruptcy "in the coming days," according to a company press release, with a lighter footprint — down to 2,600 locations after closing approximately 700 in bankruptcy. The mattress retailer filed for bankruptcy Oct. 5, a...

fxstreet | January 16, 2020

Thursday's US economic docket highlights the release of monthly retail sales figures, scheduled at 13:30 GMT. Consensus estimates point to modest growth of 0.3% for December as compared to the previous month's 0.2% increase. Sales excluding automobiles (core retail sales) are seen rising by 0.5% during the reported month as against a dismal 0.1% growth recorded in November. Meanwhile, the closely watched Retail Sales Control Group is expected to rise by 0.4% following a 0.1% increase in ...