Tempur Sealy agrees to divest 175 stores as FTC case looms

Quick Summary:

The mattress maker plans to sell its Sleep Outfitters subsidiary plus 73 of Mattress Firm’s 2,300 or so locations to Mattress Warehouse.

Mattress Warehouse, with more than 320 stores, states that it is the second-largest retailer in the space.

Mattress Firm had closed some 700 locations by the time it exited its 2018 bankruptcy and since then has closed a few hundred more.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United States

Topics: Firm Warehouse Sealy Tempur Retailer Mattress Stores July Proposed Debt Filing

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 12:35:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 444 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 22660753

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Official Website: retaildive.com

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