Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»69-year-old furniture store chain files for Chapter 11 bankruptcy
Finance

69-year-old furniture store chain files for Chapter 11 bankruptcy

June 4, 2026No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
69-year-old furniture store chain files for Chapter 11 bankruptcy
Share
Facebook Twitter LinkedIn Pinterest Email

Sure furnishings and mattress retailers are dealing with monetary misery in 2026, after the business had success in 2025.

The furnishings business confirmed optimistic gross sales leads to 2025, because the Prime 100 retailers posted a 0.9% mixed gross sales improve to $51.2 billion, based mostly on furnishings, bedding, and equipment, after a two-year decline, based on Furnishings Immediately.

The U.S. mattress and mattress shops sector additionally carried out effectively final yr, navigating a interval of regular development, with income rising by 1.3% to $28.4 billion yr over yr in 2025, based on IbisWorld evaluation.

Regardless of favorable gross sales and income leads to 2025, Ortho Mattress confronted misery and was pressured to file for chapter safety as June started.

Ortho Mattress files for Chapter 11 bankruptcy to restructure its debts.Shutterstock
Ortho Mattress information for Chapter 11 chapter to restructure its money owed.Shutterstock

Ortho Mattress information for chapter

Iconic mattress and furnishings retail chain Ortho Mattress filed for Chapter 11 chapter to reorganize its enterprise.

The 69-year-old retailer filed its Subchapter V petition within the U.S. Chapter Court docket for the Central District of California in Woodland Hills on June 1, itemizing $1 million to $10 million in property and $10 million to $50 million in liabilities.

The debtor didn’t state a motive for submitting for chapter in its petition.

The Cerritos, Calif.-based debtor’s largest collectors embrace E.S. Kluft & Co., owed over $165,000; Simmons Manufacturing Co., owed over $108,000; Mann Enterptrises Inc., owed over $95,000; Warehouse Low cost Heart, owed over $87,000; Enriquez Supplies Quilting, owed over $83,000; Mills Realty, owed over $82,000; and Hawthorne Gateway LP, owed over $73,000, based on court docket papers.

Debtor operates in California and Arizona

Ortho Mattress, which was based in Gardena, Calif., in 1957, operates 23 retail areas in California and Arizona, based on its web site.

At one time, the mattress and furnishings chain had over 60 areas, based on its web site.

The retailer merged with W. Simmons Industries in 1996, was renamed WE Bedding in 1997, and was acquired by Hugh Avenue Holdings in 1998. The corporate was renamed Ortho Mattress in 2004, based on a historical past timeline on its web site.

The corporate purchased the property of Simmons Mattress Gallery in 2006, moved all manufacturing to California in 2007, and expanded manufacturing to Arizona in 2018. It additionally relocated its headquarters to Cerritos.

SuperNova Furnishings information chapter

One other longtime regional furnishings chain, Humble, Texas-based SuperNova Furnishings, filed for Chapter 11 chapter safety to reorganize its enterprise on April 15, based on PacerMonitor.

SuperNova Furnishings, established about 40 years in the past by founder Ana Abrahams, operates shops at Deerbrook Mall in Humble, Texas; Katy, Texas; and Rosenberg, Texas; together with three shops in Houston and a distribution heart, additionally in Houston.

The chain’s homeowners mentioned three of its shops are doing effectively, whereas three have struggled, based on Furnishings Immediately. The chapter submitting may enable the corporate the chance to reject extra onerous leases, based on the report.

The corporate continues to function as ordinary.

Retailer reorganizes, closes shops

A protracted freeway building undertaking close to American Dwelling Furnishings & Mattress‘ Albuquerque shops and financial pressures, comparable to inflation and tariffs, resulted within the chain’s father or mother submitting for chapter on March 4, based on its Chapter 11 reorganization replace and buyer FAQs on its web site.

The 90-year-old furnishings chain’s homeowners, AFC Acquisition Company, filed its petition with plans to reorganize its enterprise, shut sure shops, and proceed working, based on Inforuptcy.

“We’re not going out of enterprise,” the corporate mentioned in a message on its web site. “Our Albuquerque areas stay open, and we proceed to meet all current and new buyer orders. All present playing cards and warranties stay legitimate.”

Associated: One other common brewery information for Chapter 11 chapter

This story was initially printed by TheStreet on Jun 3, 2026, the place it first appeared within the Retail part. Add TheStreet as a Most popular Supply by clicking right here.

Source link

69yearold bankruptcy chain Chapter files furniture store
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Holding at last week’s levels ahead of June jobs report

June 30, 2026

Frontier AI is rewriting the economics of software supply chain security

June 30, 2026

Chevron CFO reveals why gas prices are stuck

June 30, 2026

Silver prices today, Monday, June 29, 2026: Silver prices trending lower

June 30, 2026
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

‘I’d like little more honesty’: Naseer Hussain tells England cricket think tank | Cricket News

June 30, 2026

Michael Jackson’s Alleged Secret Stash ‘Exposed’

June 30, 2026

Pixel 10a Even Cheaper Than Amazon Prime Day Deal

June 30, 2026

Holding at last week’s levels ahead of June jobs report

June 30, 2026
Popular Post

Level 1 Demon Lord and One Room Hero episode 11 release date, time, where to watch, and more

Trump tariff volleys met with caution, not chaos

Who won Jeopardy! tonight? March 8, 2023, Wednesday

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2026 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.