business
69-year-old furniture store chain files for Chapter 11 bankruptcy
Key takeaways
- 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, a classic retailer faced distress and was forced to file for bankruptcy protection as June began.
- Iconic mattress and furniture retail chain Ortho Mattress filed for Chapter 11 bankruptcy to reorganize its business.
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, a classic retailer faced distress and was forced to file for bankruptcy protection as June began.
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