Mattress Firm files for bankruptcy

Mattress Firm which has been grappling with declining sales amid an overexpansion and a scandal filed for Chapter 11 bankruptcy protection Friday

The space is the location of an Aspen Dental office.

Redditors argued that the chain had too many stores in the U.S. given that mattresses are a product that is typically bought every seven to 10 years.

Of those 200, six are in California, according to USA Today.

No Delaware stores were included in a list of 200 locations that will close in the near future.

An employee at the Merced store on Friday who identified himself as the manager declined to comment. Mattress Firm purchased Sleep Experts, a chain of 55 mattress stores in Dallas and Austin, for $65 million in 2014.

CNN reports the company may close as many as 700 underperforming stores. The only store immediately closing in the Southland is located at 9095 Central Ave.in Montclair.

Houston-based Mattress Firm was founded in 1986.

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President and CEO Steve Stagner said the company will remain in business despite challenges.

The retailer, which said it will continue to serve customers as usual at stores and online during the process, has also received $775 million to fund ongoing operations and repay debt and costs associated with the restructuring.

Unemployment is at a 40-year low and wages are starting to tick up, but the number of people working multiple jobs hasn't changed in more than a decade. Why?

Mattress Firm filed for Chapter 11 bankruptcy protection on Friday.

The troubled bed retailer of scandal-plagued Steinhoff International Holdings NV has 22 stores in MI and 3,400 total.

In Boise, Mattress Firm has four stores near the Boise Towne Square mall. That store is a half-mile south of another store on Milwaukee and seven-tenths of a mile from a store at 8600 W. Franklin Road.

The retailer has been criticized for having too many stores in the United States. In a court filing, the company acknowledged "several well-intentioned, but ill-advised, marketing and sales promotions".

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