Could Mattress Firm Be Next On The Bankruptcy Block?
It seems like Houston Based Mattress Firm's days could be numbered according to a report by Reuters.
The Mattress store is considering bankruptcy as a way to get out of costly leases at some of nearly 3,000 locations it has. It seems they grew way too fast and didn't think about the end consequences.
WIth online mattress retailers now a big thing, are the days of the actual bedding store coming to an end? Who knows, but you can't grow that fast without some issues.
I contacted the Lubbock Mattress Firm and was told they have no comment on the potential bankruptcy filing.
We'll keep you updated on this one!