Mattress Firm Inc. Considering Filing For Bankruptcy; Won’t Impact Local Stores

News
KELO Mattress Firm Logo

Mattress Firm Inc. is considering filing for bankruptcy.

The largest mattress retailer in the U.S. is looking for ways to get out of costly store leases. 

Sources told Reuters that Mattress Firm Inc. has not made any final decisions and its plans could change.

Even if Mattress Firm Inc. declares bankruptcy, local stores will not close. 

That’s because all of the locations in South Dakota and Iowa are owned by franchisees. 

KELOLAND News talked to the franchisee of the locations in Sioux Falls and Mitchell; he says there are definitely no plans to close. 

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


 

Don't Miss!

More Don't Miss