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Mattress Firm May Be Gearing Up For Bankruptcy Filing

PYMNTS

The company, which is based in Texas, has 3,000 brick-and-mortar stores, Reuters reported. Mattress Firm and its parent company, Steinhoff International Holdings NV, didn’t respond to Reuters ’ requests for comment. In August , people familiar with the company said that the retailer was mulling a bankruptcy filing. as a result.

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Retail Pulse: Mattress Firm Mulls Bankruptcy; Walmart Plans Robotic Grocery Pickup

PYMNTS

Brick-and-mortar retailers have sought to reduce their retail footprint in hard times, and Mattress Firm, Inc. The brand could close between 600 to 1,000 of its 3,000 locations this year, according to some predictions – and is reportedly considering bankruptcy, people familiar with the matter have told Reuters. is no exception.

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Mattress Firm Eyes Bankruptcy, Store Closures

PYMNTS

looks to shutter money-losing locations and find its way out of leases, people familiar with the company say that the retailer is mulling a bankruptcy filing. percent and closed at $52.64, Reuters reported. As Mattress Firm, Inc. On the news, Tempur Sealy International Inc.’s s stock rose 5.2

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Can Legal Pot Thrive With Closed-Loop Payments?

PYMNTS

People can say what they will about the wisdom of legal retail sales of marijuana (we here at PYMNTS take no position), but the payments knot that the cash-dominated industry is dealing with is leading to some improvisation, and even government-backed experimentation. The news is a bit vague so far, but certainly significant.

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