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Teakoon Noodle appears to have closed. They were located near publix at five forks. This was kind of our go to chinese please very surprised. They were there for a long time.
What I read about Mattress Firm the other day states that they bought out 2 of their competitors, but for some reason didn't consolidate. Seems weird to me.
I read that Mattress Firm has filed for Bankruptcy. They lost their contract with Tempur Pedic. (big loss).
Mattress Firm, with 3,300 stores and more than $3 billion in annual revenue, has its own problems: declining sales, too many stores and issues with integrating some big mattress chains it swallowed in recent years. In the first nine months of 2018, Mattress Firm’s sales fell 13% from the year-earlier period.
The complaint, filed Tuesday in a Tampa, Fla., federal court, accused Mattress Firm of selling mattress and bedding products in the Tampa area that are “strikingly similar†in their appearance and their advertisements to Tempur Sealy’s TPX, -4.38% trademarked Tempur-Pedic brand.
I read that Mattress Firm has filed for Bankruptcy. They lost their contract with Tempur Pedic. (big loss).
Mattress Firm, with 3,300 stores and more than $3 billion in annual revenue, has its own problems: declining sales, too many stores and issues with integrating some big mattress chains it swallowed in recent years. In the first nine months of 2018, Mattress Firm’s sales fell 13% from the year-earlier period.
The complaint, filed Tuesday in a Tampa, Fla., federal court, accused Mattress Firm of selling mattress and bedding products in the Tampa area that are “strikingly similar†in their appearance and their advertisements to Tempur Sealy’s TPX, -4.38% trademarked Tempur-Pedic brand.
The chain said it plans to remain in business, but it filed for Chapter 11 bankruptcy protection to get out of about 700 unfavorable leases. The company said it will quickly close 200 underperforming stores and make decisions about whether to close or maintain the other 500 stores in the coming weeks. It currently has more than 3,300 stores in the United States.
Mattress Firm plans to exit bankruptcy in about two months. It hopes that the liquidity gained from the bankruptcy allows it to expand into more favorable markets and even open some new stores in existing markets.
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