Mattress Discounters Strikes Out On Baseball Deal

November 10, 2008  by in UnCategorized   

By Home Furnishings Business in Bedding on November 2008 Mattress Discounters, Upper Marlboro, Md., which filed for Chapter 11 in September, gained Bankruptcy Court approval Monday to walk away from its contract as a sponsor of baseball’s Washington Nationals, who went 59-102 this past season.

According to the Reuters news service and other published reports, the 140-store retailer that operates in six states, signed a deal to become a sponsor in January, but complained in recent Bankruptcy Court filings that the agreement is “burdensome” and provided no benefits following the close of the season last month.

Last year, Houston-based Mattress Firm said it would acquire Mattress Discounters, but the deal later fell apart. Mattress Discounters’ restructuring is focused on shutting stores in New England to focus on the Washington area.