Mattress Firm files for bankruptcy, will close hundreds of stores

Mattress Firm filed for Chapter 11 bankruptcy protection on Friday and announced plans to shutter hundreds of stores.

The company plans to close as many as 700 of its 3,320 corporate-owned stores located "in certain markets where we have too many locations in close proximity to each other," CEO Steve Stagner said in a statement.

Missouri stores in Richmond Heights, Grandview and Ballwin are among the more than 200 stores nationwide that are slated to close down within days.

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