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Exclusive: Mattress Firm explores U.S. bankruptcy to close stores

August 6, 2018 8:02 PM
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(Reuters) - Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and shut some of its 3,000 locations that are losing money, people familiar with the matter said.

The deliberations make Mattress Firm the latest U.S. retailer struggling due to competition from e-commerce firms such as Inc (AMZN.O) putting pressure on brick-and-mortar retailers. Shares of Mattress Firm competitor Tempur Sealy International Inc (TPX.N) jumped more than 5 percent on th...

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