MATT FIRM ‘CONSIDERING’ BANKRUPTCY FILING

HOUSTON – Mattress Firm “is considering a potential bankruptcy filing,” a Reuters story says.
The story says Mattress Firm is considering the move as it seeks ways to get out of “costly store leases” and shut some of its 3,000 locations “that are losing money,” according to “people familiar with the matter.”

The sources said Mattress Firm and its parent, Steinhoff, are working with consulting firm AlixPartners LLP, a company often brought in to lay the groundwork for bankruptcy, Reuters reported.

Reuters noted that its sources said that Mattress Firm has not made any final decisions and its plans could change.
A Mattress Firm spokesman had no immediate comment on the Reuters report.