Missouri Mattress Chain Files Bankruptcy Plan

Mattress Source plans to close about five of its 13 stores. | Courtesy of Mattress Source
Mattress Source plans to close about five of its 13 stores. | Courtesy of Mattress Source

Mattress Source, a chain based in Imperial south of St. Louis, filed Chapter 11 bankruptcy and plans to close about five of its 13 stores in Missouri and Illinois.

Jamat LLC, which started the business six years ago, listed assets of $1 million to $10 million and liabilities of $1 million to $10 million. Jamat President Barry Seidel said the main problem is cash flow, but he noted that when Mattress Firm bought Mattress Giant and amped up its advertising presence in the St. Louis market, it hurt Mattress Source.

Read more from the St. Louis Business Journal


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