Mattress Firm’s storefronts advertise their financing options.Shutterstock
- Mattress Firm is the largest specialty mattress retailer in the United States, with around 3,400 stores.
- It has increasingly come under pressure as new startups such as Casper innovate the experience of mattress shopping and take market share.
- In October, Mattress Firm filed a lawsuit against two former employees, a broker, and a group of developers, accusing them of conspiring to push the company to aggressively expand. The company is also reportedly considering filing for bankruptcy.
- Subscribe to Business Insider’s new podcast “Household Name” to get the full story behind the lawsuit.
It has been an eventful few months for Mattress Firm.
In the span of a year, the mattress retailer has been accused by internet sleuths of running a money-laundering operation, announced it would be closing almost 200 stores, and watched on as its parent company’s business practices have been investigated. In October, Mattress Firm filed a lawsuit against two former employees, a broker, and a group of developers, accusing them of conspiring to push the company to aggressively expand and open stores.
Sources told Reuters in August that Mattress Firm was considering filing for bankruptcy.
With about 3,400 stores, Mattress Firm is by far the largest specialty mattress retailer in the United States. It’s not uncommon to find many of its stores right across the street from each other. It has increasingly come under pressure as new startups like Casper find ways to improve the experience of shopping for this high-ticket item.
We tested the experience of shopping at its stores. Here’s what it was like:
To hear more about the stories around Mattress Firm’s stores, listen to “Household Name,” a new podcast from Business Insider. Subscribe for free on Apple Podcasts, Stitcher, or your favorite podcast app.
