Dial-A-Mattress in battle

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Dial-A-Mattress, the well-known mattress retailer who owns 1-800-MATTRESS and 1800mattress.com, has had an involuntary Chapter 7 bankruptcy motion filed against it by three of its creditors. The trio are reportedly angry that 1800mattress.com is not paying its bills. Just last week Dial-A-Mattress announced a plan to be sold to a business entity called Dial Mattress Acquisition LLC, which promised a "swift" injection of cash to keep the company running.

The bankruptcy filing does not affect 1800mattress.com franchisees throughout New England, who noted business continues as usual at their stores.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on March 18, 2009 8:51 PM.

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