Innovative Mattress Solutions
Innovative Mattress Solutions filed for Chapter 11 on January 14, 2019. There was a bit of confusion as another retailer shared the same name as one of its subsidiaries. Innovative Mattress Solutions then clarified everything by saying, “This filing of Chapter 11 bankruptcy has no bearing on the Mattress Warehouse (sleephappens.com) organization or their relationships with their vendors.” Anyway, the company plans to close 142 stores.
Innovative Mattress Solutions
Z Gallerie
On March 11, 2019, Z Gallerie, an LA-based furniture retailer, applied for bankruptcy. Its plans were to shut down 17 stores and look for a buyer so that liquidation does not have to happen. The bankruptcy was reported to happen thanks to self-imposed issues. Perhaps they would be better off if they did not invest in distribution centers and focused on e-commerce instead.
Z Gallerie
