Mattress store comparisons are shrouded in as much subjectivity as the debate about firm vs. soft mattresses. Everyone has their own preferences for each.
But there’s no denying that Mattress Firm, with 3,000 brick-and-mortar locations, is a juggernaut in the industry. However, no company is too big to fail. And it appears that Mattress Firm may be in trouble, as they’ve been reportedly set to file for bankruptcy.
How will this affect the mattress store landscape? Will it improve the average consumer’s chances of finding a cheap mattress? And what of the brands that Mattress Firm carries?
Causes and Results of the Mattress Firm Bankruptcy Filing
The story for Mattress Firm is the same for many other companies, both in and out of the mattress industry. Their sales have suffered as online retailers gained more and more traction with buyers.
Coupled with growing debt in its parent company, Steinhoff International Holdings NV, Mattress Firm is in a tough spot. Their imminent bankruptcy filing will undoubtedly affect buyers’ opinions of the brand – but what else will be affected?
For one, Tempur Sealy shares jumped about 9 percent in pre-market trading – the company pulled their brand, Tempur-Pedic, from Mattress Firm’s shelves last year. While this jump is a welcomed change, they’ve experienced a 20 percent drop year over year and 16 percent drop in 2018.
Mattress Firm’s vendors are expected to be paid in full after the bankruptcy process concludes, which is likely to be in several months.
What does the growing dominance of online retailers and the struggles of the industry’s biggest names mean for customers?
How Easy is it to Find a Cheap Mattress?
With big names feeling the heat of the turn to digital shopping, how easy is it for people to find a cheap mattress? After all, many people still prefer to test a mattress out before they buy it, so in their mind there is no substitute for a good brick-and-mortar location.
Anyone in Dallas, Texas or the surrounding areas has access to a great mattress store – a public storefront location selling liquidated inventory at massive discounts.
At Uptown Mattress Direct, there’s no tricks, no commissioned salespeople, and no fake deals. Only big discounts on luxury name-brand mattresses. Fill out our contact form for a sample price list, then call 214.394.7484 to set up your personal appointment today.