No Bull Mattress & More Files Chapter 11 Bankruptcy Amid Industry Struggles
Mattress retailer No Bull Mattress & More has filed for Chapter 11 bankruptcy protection after experiencing a significant decline in sales and financial difficulties. The company, which operates under the legal name Mattress Warehouse of Charlotte Inc., reported assets of $374,535 and liabilities exceeding $2.8 million as of its filing on August 24, 2026. The mattress industry has faced challenges due to economic pressures that have led consumers to delay discretionary purchases like new mattresses. This trend is compounded by a shift in consumer perception where products are increasingly seen as commoditized and less valuable despite the growing awareness around sleep health. The company's revenue dropped sharply, with 2026 sales for the first eight months at $825,414 compared to over $1.9 million in 2024. Industry experts suggest that competition from low-cost alternatives and a decline in perceived product value are major factors affecting mattress retailers. No Bull Mattress & More has not yet disclosed whether it will close any of its six South Carolina locations, three North Carolina stores, or one New Jersey store as part of the reorganization process.
Topics: Chapter 11 consumer discretionary spending mattress industry