Metro Mattress, a regional mattress and bedding retailer best known across the Northeastern U.S., has officially announced plans to shut down all of its stores following a Chapter 11 bankruptcy filing.
The decision comes after the company failed to secure a buyer during its reorganization process and was unable to sustain operations financially.
What Led to the Closure
Metro Mattress originally filed for Chapter 11 protection in September 2024. The plan at that time was to close underperforming locations while keeping its core stores open, especially in its home markets.
However, as time passed, the company was unable to find a viable buyer. Efforts to reach out to over 20 potential investors reportedly ended without a definitive offer. The mounting financial challenges and lack of liquidity forced the decision to shutter the entire chain.
Metro Mattress reportedly carried $23 million in debt with less than $9 million in assets at the time of filing. Among the creditors was mattress manufacturer Tempur-Pedic, which was owed about $2 million.
Which Stores Are Closing
The closures span its operations in Connecticut, Massachusetts, and New York — states where most of its retail footprint remains. Earlier, the company had also operated in New Hampshire and Rhode Island, but those had already been scaled back.
Some stores in Connecticut had already shuttered during the bankruptcy process. Scoop+1 The company is now proceeding with going-out-of-business sales, offering deep discounts (up to 70%) while it liquidates remaining inventory pending court approval.
Impact on Employees, Customers & Local Communities
- Employees are likely to face layoffs unless some positions are retained for the liquidation process.
- Customers with outstanding orders or warranties may find it challenging to get support or delivery once operations wind down.
- Local communities that rely on brick-and-mortar retail will see fewer shopping options, especially for specialty mattress stores.
What This Means for the Mattress Retail Sector
The collapse of Metro Mattress underscores broader pressures in the furniture and bedding industry:
- Rising competition from direct-to-consumer brands and online mattress companies.
- High fixed costs for retail locations — rent, staffing, and physical inventory — which become unsustainable when margins shrink.
- Supply chain pressures, inflation, and shifting consumer spending habits.
Other mattress and furniture retailers have also struggled recently, and Metro Mattress becomes an example of how vulnerable mid-sized regional chains can be in today’s market.
What’s Next?
- The chain must receive court approval to proceed with full store closures.
- Liquidation sales are expected to ramp up in the coming weeks.
- Creditors will get paid in accordance with the bankruptcy order — but unsecured creditors may recover only a fraction.
- Former Metro Mattress customers should act soon on unfulfilled orders, warranties, or claims before the company fully shuts its doors.
