Sleep Number issues going concern warning, says bankruptcy is possible
The mattress maker’s turnaround has been slow, mired in debt and liquidity issues, but is picking up speed under new leadership.
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Mattress Firm parent Somnigroup to buy one of its suppliers for $2.5B
The all-stock transaction to acquire Leggett & Platt will bolster the mattress giant’s influence across the industry, analysts said Monday.
Michaels cuts prices on 3K more items as consumers waver
The arts and crafts retailer is keen on picking up market share left open by the demise of Party City and Joann.
Lee jeans up for sale in surprise Kontoor move
The company also owns Wrangler, which it says will be a $5 billion brand, and last year bought Norwegian outdoor apparel maker Helly Hansen.
Francesca’s files for bankruptcy, again
The retailer, which previously filed for Chapter 11 bankruptcy about six years ago under a different owner, has about $30 million in secured debt.
Consumer spending growth could slow in 2026
Consumers will continue to drive the U.S. economy next year, but a softening labor market may dampen growth, according to Moody’s Ratings.