Earlier this year, ProBank Austin offered an article on leased fee risk for lenders and mentioned Mattress Firm’s intention to close roughly 200 stores nationwide. By June 30, 2018, it had closed 149 stores; however it also opened 16 new stores, and acquired 14 franchise stores for a net decrease of 119 stores. Evidently, this effort failed to staunch the bleeding. Mattress Firm is now contemplating a bankruptcy filing to force landlords into lease negotiations.
Contact Ann via email or by phone at 502-479-5291.