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.
Austin, Texas – Factory Mattress has announced a closing sale offering discounts of up to 80% on merchandise after filing for Chapter 11 bankruptcy on June 7, 2025. The decision comes as the chain prepares to close all its locations in Austin, culminating in the end of operations for the Texas-based mattress retailer.
The chain, notable for selling mattresses from various well-known brands such as Nextar, Lovett, and Smartlife, aims to liquidate its stock before the stores officially close. Currently, there are four Factory Mattress locations in Austin that are participating in the sale event, which allows customers to benefit from significant savings as the company winds down its business.
This closing sale follows a concerning trend within the retail sector, as the landscape continues to shift dramatically. Factory Mattress is not the only brand facing closure; Smokey Bones has also revealed plans to shut down nine of its locations nationwide, one of which includes the Roanoke, Virginia store slated to close on July 6, 2025. The announcement of these closures has dismayed regular customers, who have taken to social media to express their disappointment over the loss of the popular dining establishment.
The parent company of both Factory Mattress and Smokey Bones is Fat Brands, which is reportedly seeking to convert many Smokey Bones locations into Twin Peaks restaurants. Following the changes, Smokey Bones will remain operational at approximately 20 locations post-closure and conversion. Additionally, Twin Peaks has recently shuttered its location in Sacramento, California.
This wave of store closures signifies a broader challenge facing brick-and-mortar retailers. Experts predict that around 45,000 retail stores could shut their doors in the coming five years as consumer shopping behaviors shift increasingly towards e-commerce and less frequently in physical locations. Prominent retailers such as Foot Locker, Tuesday Morning, and Bed Bath & Beyond have recently faced their own closures and bankruptcies, signaling a tough environment for many in the retail space.
Research firm UBS estimates a significant drop in the total number of retail stores in the United States, projecting the decline from 958,000 to 913,000 over the next few years. Despite the challenges faced by these retailers, some established companies, including Walmart, Costco, Home Depot, and Target, are expected to remain resilient and continue thriving in the evolving retail landscape.
As Factory Mattress embarks on its closing sale, customers in the Austin area have a limited opportunity to purchase mattresses at reduced prices before the locations cease operation. The bankruptcy filing and subsequent store closures reflect the ongoing turmoil within the retail sector, and the response from consumers and the industry will be closely watched in the coming months.
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
