Innovative Mattress Solutions
Innovative Mattress Solutions filed for bankruptcy on January 14, 2019. The following day, Mattress Warehouse released a statement that said, “This filing of Chapter 11 bankruptcy has no bearing on the Mattress Warehouse (sleephappens.com) organization or their relationships with their vendors.” This is because it shared the same name as a subsidiary of Innovative Mattress Solutions. In January 2019, USA Today said the company will likely shutter 142 stores.
Innovative Mattress Solutions
Z Gallerie
Z Gallerie applied for bankruptcy on March 11, 2019. According to SF Gate, it was going to shut down 17 stores and look for a buyer in the hopes of preventing liquidation. Partly, this was because Z Gallerie did not invest enough in e-commerce while it poured money into distribution centers. It also failed to meet performance goals after investing a lot on the expansion. Let us hope it would not need to liquidate.
Z Gallerie
