Mattress Firm files for bankruptcy - FOX34 Lubbock

Mattress Firm files for bankruptcy

Posted: Updated:

The online marketplace is forcing America's largest bedding store to close some stores. 

Mattress Firm has filed for bankruptcy. It will remain in business, but is requesting chapter 11 protection to get out of about 700 unfavorable leases.

The company will shutter about 200 underperforming stores and evaluate the other 500 in the next few weeks.

There are more than 3,300 Mattress Firm stores in the United States. Two are in Lubbock.

The company indicates it will exit bankruptcy in about two months, hoping the equity will allow it to expand into more favorable markets.

  • Top StoriesTop StoriesMore>>

  • Good Day Lubbock: Monday, June 1

    Good Day Lubbock: Monday, June 1

    Good morning! Here is what's on Good Day Lubbock this morning 5-9 a.m. on FOX34.
    Good morning! Here is what's on Good Day Lubbock this morning 5-9 a.m. on FOX34.   
  • SpaceX's historic encore: Astronauts arrive at space station

    SpaceX's historic encore: Astronauts arrive at space station

    Sunday, May 31 2020 9:09 AM EDT2020-05-31 13:09:48 GMT
    Monday, June 1 2020 5:49 AM EDT2020-06-01 09:49:23 GMT
    (AP Photo/John Raoux). NASA astronauts Douglas Hurley, left, and Robert Behnken walk out of the Neil A. Armstrong Operations and Checkout Building on their way to Pad 39-A, at the Kennedy Space Center in Cape Canaveral, Fla., Saturday, May 30, 2020. Th...(AP Photo/John Raoux). NASA astronauts Douglas Hurley, left, and Robert Behnken walk out of the Neil A. Armstrong Operations and Checkout Building on their way to Pad 39-A, at the Kennedy Space Center in Cape Canaveral, Fla., Saturday, May 30, 2020. Th...
    (AP Photo/John Raoux). NASA astronauts Douglas Hurley, left, and Robert Behnken walk out of the Neil A. Armstrong Operations and Checkout Building on their way to Pad 39-A, at the Kennedy Space Center in Cape Canaveral, Fla., Saturday, May 30, 2020. Th...(AP Photo/John Raoux). NASA astronauts Douglas Hurley, left, and Robert Behnken walk out of the Neil A. Armstrong Operations and Checkout Building on their way to Pad 39-A, at the Kennedy Space Center in Cape Canaveral, Fla., Saturday, May 30, 2020. Th...
    SpaceX's astronaut-riding Dragon capsule is approaching the International Space Station hours after a historic liftoff from Florida.
    SpaceX's astronaut-riding Dragon capsule is approaching the International Space Station hours after a historic liftoff from Florida.
  • Unrest overshadows peaceful US protests for another night

    Unrest overshadows peaceful US protests for another night

    Sunday, May 31 2020 5:09 AM EDT2020-05-31 09:09:16 GMT
    Monday, June 1 2020 4:29 AM EDT2020-06-01 08:29:36 GMT
    (AP Photo/Chris Pizzello). Demonstrators block the path of a Los Angeles Fire Department truck during a public disturbance on Melrose Avenue, Saturday, May 30, 2020, in Los Angeles. Protests were held in U.S. cities over the death of George Floyd, a bl...(AP Photo/Chris Pizzello). Demonstrators block the path of a Los Angeles Fire Department truck during a public disturbance on Melrose Avenue, Saturday, May 30, 2020, in Los Angeles. Protests were held in U.S. cities over the death of George Floyd, a bl...
    (AP Photo/Chris Pizzello). Demonstrators block the path of a Los Angeles Fire Department truck during a public disturbance on Melrose Avenue, Saturday, May 30, 2020, in Los Angeles. Protests were held in U.S. cities over the death of George Floyd, a bl...(AP Photo/Chris Pizzello). Demonstrators block the path of a Los Angeles Fire Department truck during a public disturbance on Melrose Avenue, Saturday, May 30, 2020, in Los Angeles. Protests were held in U.S. cities over the death of George Floyd, a bl...
    Another night of unrest in every corner of the country left charred and shattered landscapes in dozens of American cities following more protests over the death of George Floyd.
    Another night of unrest in every corner of the country left charred and shattered landscapes in dozens of American cities following more protests over the death of George Floyd.
Powered by Frankly
All content © Copyright 2000 - 2020 RAMAR. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.