“The largest mattress retailer in the U.S. has roughly 3,500 locations today. It hopes to restructure its business in bankruptcy court and get out of many unwanted leases. The company said it plans to close roughly 700 of its stores in total, and hopes to complete a prepackaged restructuring within 45 to 60 days.”
Tim’s must reads:
Mattress Firm is about to close more than 200 stores — here’s a map of where they are
Toys R Us brings back Geoffrey the Giraffe — and its laid off employees are furious
ULI/PwC Report Names A New City Top Real Estate Market In The Nation
Local:
Remodeled Domino’s location sells nearly 8,500 pizzas, breaks company sales record
7-Eleven to open at Texas Motor Speedway, its first location at a sports venue
Mattress Firm Files For Bankruptcy, Expects To Close 35 Locations In Texas
Collin County town of Princeton getting new mixed-use project with housing and commercial building
Proposed $850 million project in Frisco to have 1,000 apartments, a hotel and office towers
Work is about to ramp up on old Dallas school district digs on Ross Avenue
National:
Mattress Firm is the latest retailer to go bankrupt. Here are others that went bust this year.
Another retailer expands to fill Toys “R” Us void
Sears is set to crash to a record low after report says a bankruptcy filing could come as soon as this week (SHLD)
PayPal will let customers deposit and withdraw cash at Walmart stores
Allbirds will use new funding to fuel expansion
Check out my featured listing this week in Tarrant County!
What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.
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Tim Lepore 