Innovative Mattress Solutions
Innovative Mattress Solutions applied for Chapter 11 on January 14, 2019. It also hoped to shut down 142 stores. It is interesting to hear that a different retailer had to give a press release the day after. Mattress Warehouse had to explain that it had nothing to do with the bankruptcy even though it had the same name as a subsidiary: “This filing of Chapter 11 bankruptcy has no bearing on the Mattress Warehouse (sleephappens.com) organization or their relationships with their vendors.”
Innovative Mattress Solutions
Z Gallerie
On March 11, 2019, Z Gallerie applied for bankruptcy. It planned to shutter 17 stores and seek a buyer to avoid liquidation from happening. It probably should have invested more in e-commerce instead of distribution centers. It failed to do well after its failure to meet performance goals after so much expansion.
Z Gallerie