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Stagner said the company is targeting locations where it has multiple stores in the same city. Stagner said the company plans to emerge from bankruptcy in November — in time for the holiday buying season. While the closures and restructured leases are not ideal, Mattress Firm is taking an unusual move that might not hurt landlords completely.
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The company said in its court filings that all its landlords will be unimpaired — meaning their statutorily capped claims will be paid in full. The amount paid to landlords could be one year of payments or 15 percent of the amount owed on the remaining lease. Please Sign In and use this article's on page print button to print this article. Related Content.
Mattress Firm to close stores.
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