Report: Mattress Firm considers bankruptcy

Mattress Firm is reportedly considering filing for bankruptcy.

The retailer is looking for a way to close some stores that are losing money and get out of expensive leases, according to Reuters, who cites unnamed sources.

MORE: Kroger considering sale of one of its ice cream makers

Mattress Firm has 3,000 locations, including a dozen stores in the region.

The retailer’s parent company is Steinhoff International Holdings NV, based in South Africa.

Reuters reported a final decision has not been made on whether to file for bankruptcy.

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