The Lakeland location of Mattress Firm is among the nearly 700 stores that will be closed as part of the chain's Chapter 11 bankruptcy, the company announced Friday.
The nation's largest mattress retailer said in a court filing that it will not conduct typical liquidation sales, where customers might otherwise score a going-out-of-business deal.
Instead, it will transfer mattresses to other stores, warehouses or distribution centers, or could "decide to abandon" showroom products altogether, according to a court filing.
After a major acquisition spree in recent years, the chain has 3,230 company-owned stores and another 125 franchised locations. It has nearly 10,000 employees.
The company expects to stay in business despite significant challenges, including sales declines and competition from bed-in-a-box online sellers like Casper and Leesa.
Ten Florida stores will close, including the Lakeland store at 919 Lakeland Park Center.
Other Florida stores that will close are in Fort Lauderdale, Pensacola, Tallahassee, Sanford, Stuart, Orlando, Miami and Jacksonville.
For the complete list of closures, click here.
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