---
title: "Mattress Firm Files for Bankruptcy"
url: https://burnaze.com/article/8a632588-815e-4774-8d65-e81cfb4d96bc
source: "1851 Franchise"
original_url: https://1851franchise.com/mattress-firm-files-for-bankruptcy-2708087
category: "Specialty retail"
industry: "Retail"
segment: "Specialty retail"
topics: ["Finance & M&A"]
published: 2018-10-05T18:13:01.000Z
modified: 2026-11-01T01:48:01.330Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/8fa9c957074019a6bddb8c795b437d554682.jpg
---

# Mattress Firm Files for Bankruptcy

**TL;DR:** Mattress Firm has filed for Chapter 11 bankruptcy protection and plans to close 200 underperforming stores. The company aims to get out of approximately 700 leases while remaining in business.

*originally published in 1851 Franchise on 2018-10-05. [Read the original](https://1851franchise.com/mattress-firm-files-for-bankruptcy-2708087).*

## Story

Mattress Firm has filed for Chapter 11 bankruptcy protection and will soon close 200 underperforming stores, according to a CNN report .

While the mattress chain, which has more than 3,300 stores nationwide, plans to remain in business, it wants to ultimately get out of approximately 700 leases, according to the article.

"We will continue to provide unmatched value to our customers by offering the best quality beds at prices that fit any budget today, tomorrow and into the future," CEO Steve Stagner said, according to the article.

## Entities

- 1851 Franchise (publication)
- Retail (sector)
- chapter 11 bankruptcy (topic)
- store closure (topic)
- lease termination (topic)

---
Originally reported by 1851 Franchise (https://1851franchise.com/mattress-firm-files-for-bankruptcy-2708087). Summarized by Burnaze (https://burnaze.com/article/8a632588-815e-4774-8d65-e81cfb4d96bc).