Mattress Firm Files Bankruptcy – Treasure Valley Stores to Close
Around 200 Mattress Firm stores are expected to close up shop over the next few days as the company files Chapter 11 bankruptcy.
It's unclear which Treasure Valley stores will close yet, but it's assumed that at least a lot of the stores that are close in proximity will shut their doors.
For example, there are two locations across the way from each other along Eagle Road near The Village and you'll find the same situation in Garden City.
According to Idahonews.com there are 10 Mattress Firm locations in the Treasure Valley and Steve Stagner who is the President and CEO of Mattress Firm says
The Process we have initiated today will strengthen our balance sheet and accelerate the optimization of our store portfolio. Leading up to the holiday shopping season we will exit up to 700 stores in certain markets where we have too many locations in close proximity to each other.
That certainly seems to define the Mattress Firm stores here in the Treasure Valley.
A complete restructuring of Mattress Firm should be complete within the next couple of months.