Metro Mattress is closing stores and winding down operations: See the list of locations that will shutter

"Thirteen months after filing for Chapter 11 bankruptcy protection, Metro Mattress Corp. is set to become the latest brick-and-mortar chain to wind down operations in 2025. The New York-based bedding retailer has disclosed in a court filing that it plans to shutter its remaining stores after some 21 attempts to find a buyer or strategic partner that would have allowed it to continue."

"Headquartered in Syracuse, Metro Mattress had 70 locations across New York and four New England states when it sought Chapter 11 protection in September 2024. At the time, it said it planned to close roughly two dozen of those stores and refocus its efforts specifically on its New York locations. It eventually closed 30 stores, including all of its locations in New Hampshire, Massachusetts, Connecticut, and Rhode Island, in addition to some underperforming stores in New York."

"CEO Dino Cifelli, a furniture retail veteran who had been hired only six months earlier to execute a growth strategy at Metro Mattress, noted in his initial court declaration that the New England stores faced various existential headwinds, including higher operating costs and "inefficiencies of scale." Shedding the New England locations, Cifelli added, would help Metro Mattress return to profitability and "result in a sustainable business." But things haven't turned out that way, and now the retailer says it will close all of its remaining stores."

Metro Mattress filed for Chapter 11 protection in September 2024 with 70 locations across New York and four New England states. The retailer initially planned to close about two dozen stores and concentrate on New York locations. Metro Mattress ultimately closed 30 stores, including all New England locations, citing higher operating costs and inefficiencies of scale. CEO Dino Cifelli had expected shedding those locations to restore profitability and sustainability. After roughly 21 failed attempts to find a buyer or partner, Metro Mattress will transfer most inventory to five or six stores, run going-out-of-business sales, and return spaces to landlords after a five-week liquidation period.

Read at Fast Company