News Summary
Factory Mattress in Austin is set to close after filing for Chapter 11 bankruptcy, holding a massive closing sale with discounts of up to 80%. The closure reflects a broader trend affecting many retail stores across the nation, sparking concerns about the future of brick-and-mortar shopping. Additionally, Smokey Bones is closing several locations and plans to convert some into Twin Peaks restaurants, further reshaping the dining landscape. This news marks a significant transition for the Austin community as the retail and restaurant sectors face major challenges.
Texas – Factory Mattress, a chain of mattress retailers, has announced a closing sale offering discounts of up to 80% following its Chapter 11 bankruptcy filing on June 7, 2025. This sale marks the end of operations for all Factory Mattress locations, with a focus on clearing stock before their final closure.
The company currently operates four locations in Austin, Texas, which will participate in this final sale event. The decision to shutter the stores comes as part of the bankruptcy proceedings. Customers are encouraged to take advantage of the substantial markdowns as the retailer seeks to sell off remaining inventory.
Factory Mattress is known for carrying popular mattress brands such as Nextar, Lovett, and Smartlife. The range of products available includes various sleep solutions tailored to meet consumer needs. However, due to the financial difficulties that resulted in the bankruptcy filing, all operations will ultimately cease.
The closing of Factory Mattress locations is not an isolated incident in the retail landscape. Concurrently, Smokey Bones, a casual dining restaurant, has announced it will close nine of its locations, including one in Roanoke, Virginia, scheduled to close on July 6, 2025. Regular patrons of Smokey Bones have taken to social media to express their disappointment as the closure impacts a beloved dining option. The parent company, Fat Brands, plans to repurpose many of the closed Smokey Bones restaurants into locations of the Twin Peaks brand, which indicates an ongoing shift in their business strategy.
Overall, the retail sector is experiencing significant challenges, leading to a wave of store closures. Experts forecast that approximately 45,000 brick-and-mortar stores in the United States could shut down over the next five years. This trend is exemplified by several major retailers, including Foot Locker, Tuesday Morning, and Bed Bath & Beyond, which have also faced bankruptcy and store closures in recent months.
According to reports, the total number of retail stores in the country is expected to decrease from approximately 958,000 to 913,000. While many retailers face hurdles, larger chains like Walmart, Costco, Home Depot, and Target are predicted to not only survive but thrive amid the increasing competition from online shopping and changing consumer behaviors.
Despite the setbacks for Factory Mattress and Smokey Bones, Fat Brands will retain around 20 locations for Smokey Bones after the transitional conversion plans to Twin Peaks are implemented. This suggests a strategic pivot in their business approach, aiming to retain some level of profitability in a challenging market.
The situation surrounding Factory Mattress and concurrent closures within the retail sector highlights a significant shift in consumer habits and the economic landscape. As bankruptcy filings and store closures become more prevalent, it raises questions about the future of physical retail and how emerging business models, such as the conversion of restaurant brands, will shape the industry moving forward.
Deeper Dive: News & Info About This Topic
- Community Impact: Factory Mattress Closing All Austin Locations
- The Sun: Factory Mattress Store Bankruptcy Filing in Texas
- Community Impact: Factory Mattress Closing Pflugerville Store
- The Street: Furniture Chain Files for Chapter 11 Bankruptcy
- Dallas News: Milton Sleep Co’s New Mattress Factory in Dallas
- Wikipedia: Bankruptcy
- Google Search: Factory Mattress
- Google Scholar: Retail Bankruptcy
- Encyclopedia Britannica: Retail
- Google News: Bankruptcy
