Wednesday, October 3, 2018

Mattress Firm planning bankruptcy filing as soon as this week

Reuters
Mattress Firm Inc, the largest U.S. mattress retailer, is preparing to file for bankruptcy protection as soon as this week, as it seeks to exit costly store leases and shore up its business, people familiar with the matter said on Tuesday.

The Houston-based retailer, with 3,000 brick-and-mortar locations, has been squeezed by online upstarts including Casper Sleep Inc.. . . more