Mattress Firm
Everyone’s favorite mattress store has recently filed for Chapter 11 bankruptcy, partly due to an accounting scandal. The company announced that they will place 700 of its total 3,500 stores up for sale. Their hope is to end unnecessary leases and try to restructure the company.
National Stores
The company that owns Conway, Anna’s Linens, and Fallas has recently filed for Chapter 11 bankruptcy. Operations in over 74 over their U.S. and Puerto Rico stores will cease soon. National Stores may have taken on too many brands in recent years, placing them in an enormous amount of debt.