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Mattress Firm and its parent company, Steinhoff International Holdings NV, didn’t respond to Reuters ’ requests for comment. In August , people familiar with the company said that the retailer was mulling a bankruptcy filing. Tempur Sealy International’s stock rose 5.2 percent and closed at $52.64 as a result.
Brick-and-mortar retailers have sought to reduce their retail footprint in hard times, and Mattress Firm, Inc. The brand could close between 600 to 1,000 of its 3,000 locations this year, according to some predictions – and is reportedly considering bankruptcy, people familiar with the matter have told Reuters. is no exception.
retail giant, which already sells vehicles in the states, is seeking to fill a gap as traditional car dealerships lose appeal in today’s shopping climate. The company has been testing the waters with a limited offer of Fiat Chrysler Automobiles NV models in Italy and is now in talks to start sales in the U.K.
In a press release , the eCommerce giant said the new cities include Indianapolis, IN; Las Vegas, NV; San Antonio, TX; Ann Arbor, MI; Cleveland, OH; Milwaukee, WI; Boulder, CO; Raleigh, NC; Trenton, NJ; and more. In this case, the retailer that is reacting is Lowe’s and its subsidiary furniture and lighting specialty brand, ATG Stores.
People can say what they will about the wisdom of legal retail sales of marijuana (we here at PYMNTS take no position), but the payments knot that the cash-dominated industry is dealing with is leading to some improvisation, and even government-backed experimentation. The news is a bit vague so far, but certainly significant. and Canada.
looks to shutter money-losing locations and find its way out of leases, people familiar with the company say that the retailer is mulling a bankruptcy filing. Steinhoff International Holdings NV, which is the parent of Mattress Firm and acquired the company in 2016, has reportedly sought to restructure some of its subsidiaries’ debt.
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