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American Focus > Blog > Economy > 69-year-old furniture store chain files for Chapter 11 bankruptcy
Economy

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

Last updated: June 3, 2026 11:30 am
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69-year-old furniture store chain files for Chapter 11 bankruptcy
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In 2025, the furniture and mattress industry experienced a positive trend with an increase in sales revenue. According to Furniture Today, the Top 100 retailers saw a 0.9% combined sales growth, reaching $51.2 billion. This growth was a welcome change after a two-year decline in the industry.

Similarly, the bed and mattress stores sector in the U.S. also performed well in 2025. Revenue rose by 1.3% to $28.4 billion year over year, as reported by IbisWorld analysis. Despite these promising numbers, some retailers faced financial distress in 2026.

One such retailer, Ortho Mattress, a well-known mattress and furniture chain, filed for Chapter 11 bankruptcy on June 1. The company, founded in 1957 and operating in California and Arizona, listed $1 million to $10 million in assets and $10 million to $50 million in liabilities in its bankruptcy petition. The reasons for the filing were not disclosed, but the company’s largest creditors were identified in court papers.

Another regional furniture chain, SuperNova Furniture, based in Humble, Texas, also filed for Chapter 11 bankruptcy protection on April 15 to reorganize its business. Established about 40 years ago, the chain operates stores in various locations in Texas. The bankruptcy filing aims to help the company navigate through financial challenges and potentially reject unfavorable leases.

In addition to Ortho Mattress and SuperNova Furniture, American Home Furniture & Mattress, a 90-year-old furniture chain, also faced financial difficulties due to economic pressures and a construction project near its Albuquerque stores. The chain’s parent company filed for bankruptcy on March 4 with plans to reorganize the business, close certain stores, and continue operating.

See also  Jim Cramer on Harrow, Inc. (HROW) – “Eye Care’s a Good Biz – If It Makes Money, Don’t Walk Away Pre-Breakout”

Despite these challenges, all three companies emphasized that they are not going out of business. They are taking necessary steps to restructure their operations and remain operational. These developments in the furniture and mattress industry highlight the ongoing financial challenges faced by retailers, even after a successful year in 2025.

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