Innovative Mattress Solutions
Innovative Mattress Solutions filed for bankruptcy on the 14th of January in 2019. It owns Mattress Warehouse, Sleep Outfitters, and Mattress King. There was some confusion after the announcement. A company that also went by Mattress Warehouse had to clarify, “This filing of Chapter 11 bankruptcy has no bearing on the Mattress Warehouse (sleephappens.com) organization or their relationships with their vendors.” In January 2019, Innovative Mattress Solutions plan to close 142 stores.
Innovative Mattress Solutions
Z Gallerie
Z Gallerie applied for bankruptcy on the 11th of March in 2019. It allegedly happened thanks to self-imposed problems, which is a common reason cited in bankruptcy filings. The home furniture retailer wanted to shut down 17 stores and sought out buyers to prevent liquidation. SF Gate said that Z Gallerie would have fared better if invested less on expensive distribution centers and more on e-commerce. The problems lie in the fact that they did not meet performance goals despite the expansion. Z Gallerie requires a quick proceeding to prevent forced liquidation and futile reorganization attempts.
Z Gallerie
