No Result
View All Result
  • Login
Wednesday, August 26, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

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

by theadvisertimes.com
3 months ago
in Business
Reading Time: 4 mins read
A A
0
69-year-old furniture store chain files for Chapter 11 bankruptcy
Share on FacebookShare on TwitterShare on LInkedIn


Certain furniture and mattress retailers are facing financial distress in 2026, after the industry had success in 2025.

The furniture industry showed positive sales results in 2025, as the Top 100 retailers posted a 0.9% combined sales increase to $51.2 billion, based on furniture, bedding, and accessories, after a two-year decline, according to Furniture Today.

The U.S. bed and mattress stores sector also performed well last year, navigating a period of steady growth, with revenue rising by 1.3% to $28.4 billion year over year in 2025, according to IbisWorld analysis.

Despite favorable sales and revenue results in 2025, Ortho Mattress faced distress and was forced to file for bankruptcy protection as June began.

Ortho Mattress files for Chapter 11 bankruptcy to restructure its debts.Shutterstock

Ortho Mattress files for bankruptcy

Iconic mattress and furniture retail chain Ortho Mattress filed for Chapter 11 bankruptcy to reorganize its business.

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

The debtor did not state a reason for filing for bankruptcy in its petition.

The Cerritos, Calif.-based debtor’s largest creditors include E.S. Kluft & Co., owed over $165,000; Simmons Manufacturing Co., owed over $108,000; Mann Enterptrises Inc., owed over $95,000; Warehouse Discount Center, owed over $87,000; Enriquez Materials Quilting, owed over $83,000; Mills Realty, owed over $82,000; and Hawthorne Gateway LP, owed over $73,000, according to court papers.

Debtor operates in California and Arizona

Ortho Mattress, which was founded in Gardena, Calif., in 1957, operates 23 retail locations in California and Arizona, according to its website.

At one time, the mattress and furniture chain had over 60 locations, according to its website.

The retailer merged with W. Simmons Industries in 1996, was renamed WE Bedding in 1997, and was acquired by Hugh Street Holdings in 1998. The company was renamed Ortho Mattress in 2004, according to a history timeline on its website.

The company bought the assets of Simmons Mattress Gallery in 2006, moved all manufacturing to California in 2007, and expanded manufacturing to Arizona in 2018. It also relocated its headquarters to Cerritos.

SuperNova Furniture files bankruptcy

Another longtime regional furniture chain, Humble, Texas-based SuperNova Furniture, filed for Chapter 11 bankruptcy protection to reorganize its business on April 15, according to PacerMonitor.

SuperNova Furniture, established about 40 years ago by founder Ana Abrahams, operates stores at Deerbrook Mall in Humble, Texas; Katy, Texas; and Rosenberg, Texas; along with three stores in Houston and a distribution center, also in Houston.

The chain’s owners said three of its stores are doing well, while three have struggled, according to Furniture Today. The bankruptcy filing could allow the company the opportunity to reject more onerous leases, according to the report.

The company continues to operate as usual.

Retailer reorganizes, closes stores

A prolonged freeway construction project near American Home Furniture & Mattress‘ Albuquerque stores and economic pressures, such as inflation and tariffs, resulted in the chain’s parent filing for bankruptcy on March 4, according to its Chapter 11 reorganization update and customer FAQs on its website.

The 90-year-old furniture chain’s owners, AFC Acquisition Corporation, filed its petition with plans to reorganize its business, close certain stores, and continue operating, according to Inforuptcy.

“We are not going out of business,” the company said in a message on its website. “Our Albuquerque locations remain open, and we continue to fulfill all existing and new customer orders. All gift cards and warranties remain valid.”

Related: Another popular brewery files for Chapter 11 bankruptcy

This story was originally published by TheStreet on Jun 3, 2026, where it first appeared in the Retail section. Add TheStreet as a Preferred Source by clicking here.



Source link

Tags: 69yearoldbankruptcyChainChapterfilesFurnitureStore
ShareTweetShare
Previous Post

Warsh’s Concerning Interest in Redefining “Inflation”

Next Post

Microsoft Build 2026: Pushing The Frontier With A More Opinionated AI Playbook

Related Posts

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

by theadvisertimes.com
August 8, 2026
0

According to average rates from the Zillow lender marketplace, mortgage rates are mixed heading into the weekend compared to Friday....

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

by theadvisertimes.com
August 8, 2026
0

Return-to-office mandates are just a blip; Setting your alarm before sunrise and standing shoulder-to-shoulder on a packed train, just to...

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

by theadvisertimes.com
August 8, 2026
0

The Indian stock markets closed in the red, with the newly-launched closing auction session continuing to create a divergence among...

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

by theadvisertimes.com
August 8, 2026
0

India’s financial stocks are entering a more selective phase, where the strength of a lender’s deposit franchise, underwriting discipline and...

Trump tries again to fire Fed governor Lisa Cook, renewing battle over central bank independence

Trump tries again to fire Fed governor Lisa Cook, renewing battle over central bank independence

by theadvisertimes.com
August 7, 2026
0

The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the...

Ondo Perps hits  billion in volume weeks after launch

Ondo Perps hits $7 billion in volume weeks after launch

by theadvisertimes.com
August 7, 2026
0

Ondo Finance's derivatives platform has raced past $7 billion in cumulative trading volume, according to data from analytics site DefiLlama,...

Next Post
Microsoft Build 2026: Pushing The Frontier With A More Opinionated AI Playbook

Microsoft Build 2026: Pushing The Frontier With A More Opinionated AI Playbook

A classic strategy that could yield big dividends

A classic strategy that could yield big dividends

  • Trending
  • Comments
  • Latest
Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

August 7, 2026
Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

August 3, 2026
The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

July 27, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
Kellogg’s Back to School Snacks Instant Savings: Save  off  Purchase + Deal Scenario!

Kellogg’s Back to School Snacks Instant Savings: Save $10 off $35 Purchase + Deal Scenario!

August 6, 2026
CVS Deals Under  This Week

CVS Deals Under $1 This Week

July 27, 2026
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

0
Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

0
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

0
The Unwinnable Iran War | Armstrong Economics

The Unwinnable Iran War | Armstrong Economics

0
Bezeq declares NIS 515m dividend

Bezeq declares NIS 515m dividend

0
AI Will Clarify What Asset Managers Are Paid For

AI Will Clarify What Asset Managers Are Paid For

0
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

August 8, 2026
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

August 8, 2026
Bitcoin outlook: ,000 or ,000 this weekend

Bitcoin outlook: $70,000 or $60,000 this weekend

August 8, 2026
Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

August 8, 2026
CEO of the world’s largest workspace provider says commuting will be extinct by 2040

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

August 8, 2026
F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

August 8, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push
  • Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak
  • Bitcoin outlook: $70,000 or $60,000 this weekend
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.