Photo: Scott Olson, Getty Images
Mattress Firm, which has been grappling with declining sales after an acquisition spree gone bad and a scandal at its parent company, filed for Chapter 11 bankruptcy protection Friday.
The nation’s largest mattress retailer has been ailing amid a surge of bed-in-a-box online retailers, too many physical stores and an accounting mess at conglomerate owner Steinhoff International.
Houston-based Mattress Firm plans to close as many as 700 of its 3,230 company-owned stores.
Read more from WFAA…
grapevinesource.com 