Favorite furniture chain goes bankrupt: heavy debts and promises of 80% discounts
Despite growth in the industry, a wave of collapses is hitting sleep retailers in the US. Now, the low-cost chain No Bull Mattress is joining Chapter 11 proceedings after accumulating debts of about $2.8 million.
The mattress and sleep products industry in the United States is entering a period of turmoil in 2026. Although the sector ended 2025 with moderate growth of 1.3% and revenues of about $28.4 billion, a number of prominent retailers have encountered severe financial difficulties and are seeking protection from creditors.
The latest to join the wave is the company Mattress Warehouse of Charlotte, which operates ten branches of the discount chain No Bull Mattress & More in New Jersey, North Carolina, and South Carolina. The company filed for Chapter 11 in a South Carolina court, reporting assets worth only about $374,000 against heavy debts exceeding $2.8 million.
The chain boasted prices 55% to 80% lower than its major competitors, alongside a money-back guarantee if a customer found a cheaper price — all while relying on zero advertising expenses. Despite the low-cost model, the company experienced a dramatic drop in revenue: from about $2.05 million in 2025 to only $825,000 this year. Among its main creditors are financial entities such as Greenbridge Funding, Rapid Finance, and Wells Fargo Bank.
This is part of a broader trend in the industry. Just in the last few months, similar filings were made by the Ortho Mattress chain from California and the SuperNova Furniture chain from Texas, reflecting the growing economic challenges facing mattress retailers in the country.
