After filing for bankruptcy last week, Mattress Firm is putting three Region stores to sleep, and that could be just the start.
The troubled Houston-based mattress retailer, known for its Starbucks-like saturation, to the point it has stores across the street from each other, is in the process of closing its stores at 1330 S. Torrence in Calumet City, at 10412 Indianapolis Blvd. in Highland and at 25 U.S. 41 in Schererville.
The stores are slated to close within the next few days.
Currently, Mattress Firm has six stores within a 2.5-mile stretch between Highland and Schererville, largely as a result of buying out competitors like Sleepy's, and rebranding them as Mattress Firm. The high concentration of Mattress Firms was featured on an episode of the podcast Freakanomics and has prompted many jokes, such as how Schererville should be renamed Mattressville.
Mattress Firm is in the process of closing 200 stores nationwide after filing for Chapter 11 bankruptcy, which will allow it to restructure its debt. It's asking a judge to void leases so it can close up to 700 stores by year's end.
President and CEO Steve Stagner said the company would close stores "in certain markets where we have too many locations in close proximity to each other."
The company still has at least two stores in Schererville, Merrillville, Valparaiso and Portage.
Mattress Firm, which was acquired last year by the South African multinational conglomerate Steinhoff International, also has stores in Munster and Michigan City.
A look at where mattress stores were located in NWI in 2015