Thursday, October 18, 2018

[UPDATE] Mattress Firm Closes Three More Stores in Georgia, Including Comical One on Moreland Avenue

On the heels of Mattress Firm's Chapter 11 bankruptcy filing earlier this month and closure last week of 209 stores, the company now plans to close an additional 196 stores including three more in Georgia.  At its height a few years ago, the Houston-based retailer had about 3,500 stores across the country.  Ahead of their bankruptcy filing, industry estimates indicated they operated just shy of 3,300 stores. 
The most interesting closure in metro Atlanta is the store at 144 Moreland Avenue across from the Edgewood Retail District.  The 4,500 square foot store, across the street from another Mattress Firm in the Edgewood Retail District, is often shown in photos to illustrate the ridiculously overlapping stores the company operates.   

Another store that recently closed is the Mattress Firm at 1285 Highway 138 SE in Conyers.  The 4,505 square foot store sits adjacent to Vitamin Shoppe and was built in 2015 on the site of a former BP gas station and convenience store.   

The third Atlanta area Mattress Firm that just closed is located at 515 Peachtree Parkway in Cumming.  The 4,200 square foot store is one of a handful of tenants in the small The Shoppes at Brannon South strip center, also home to Dutch Monkey Doughnuts.  First opened in 2008, the center is near The Collection at Forsyth and and was first home to Mattress Giant, one of many regional chains that Mattress Firm acquired over the years.

Mattress Firm last week closed five other stores in Georgia including locations at 1290 Johnson Ferry Road in Marietta (East Cobb) and another at 7601 North Point Parkway in an out-parcel of Mansell Crossing, not far from North Point Mall.  The other Georgia stores that closed were in Augusta, Dalton and Macon. 

The new store closings bring the total of bankruptcy related closures to about 400 with the company saying they could close 700 in total.  Additional store closures are likely as the retailer attempts to "right size" their enormous glut of stores.  

How many Mattress Firm stores do you think the company needs to close to "right size" themselves?  What would you like to see open in the former Mattress Firm on Moreland Avenue?  Where did you purchase your last mattress or where do you intend to purchase your next one?

Please share your thoughts below.  

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