Thursday, October 11, 2018

Mattress Firm gets green light to close stores, pay vendors

Retail Dive
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.. . . more