Innovative Mattress Solutions
In January 2019, Innovative Mattress Solutions filed for bankruptcy. The Kentucky-based mattress company owns Mattress Warehouse, Mattress King, and Sleep Outfitters. A different retailer also called Mattress Warehouse even had to clarify that it had nothing to do with the bankruptcy filing of Innovative Mattress Solutions! The day after the news broke out, this company said, “This filing of Chapter 11 bankruptcy has no bearing on the Mattress Warehouse (sleephappens.com) organization or their relationships with their vendors.” Innovative Mattress Solutions will likely close 142 stores.
Innovative Mattress Solutions
Z Gallerie
LA-based furniture retailer Z Gallerie filed for bankruptcy in March 2019. SF Gate said the company wants to avoid liquidation, which is why it is looking for a buyer. It planned to shut down 17 stores on top of that. Apparently, it got to this point because of self-imposed problems. SF Gate also said that it should have invested in e-commerce more instead of expensive distribution centers. The company failed to meet performance goals after investing in the expansion.
Z Gallerie