On July 8, 2025, it was reported, Five bedding companies are on the list of American Mattress' top 20 unsecured creditors list for a total of $2.06 million in claims. The specialty sleep retailer filed this week for Chapter 11 protection with the U.S. Bankruptcy Court for the District of Delaware. The American Mattress' filing indicated that the top 20 unsecured creditors have claims of more than $3.76 million, less than double than the total of the five industry players. Adventure Mattress, founded in 2023 by Bob Sherman and Barbara Bradford, sits at the top of the list with an unsecured claim of more than $1.21 million. Serta and Simmons combined are owed $340,372, with Simmons carrying the largest claim of the two at $227,164.59. Tempur-Pedic is listed with a claim of $194.670.60. Bedding Industries of America is owed $175,350.30, and Customatic Sleep Technologies has an unsecured claim of $139,276.40. Here are the other top unsecured creditors to round out the list: Canterbury Logistics, $255,983.83 Schuetz Ventures, $148,846.97 Schoenberg Finkel Beederman Bell & Glazer, LLC, $147,846.61 HH Associates, $126,271.95 Google, $110,427.03 Roosevelt Galleria LLC, $110,000 BMD-I, LLC, $107,432.63 Florida Panasoffkee 470, LLC, $106,288 National Shopping Plazas, $105,134.83 Iversan Limited Partnership, $105,000 LP Holdings 1953, LLC, $96,976.23 DF Oak Park, LLC, $96,029.38 Core Huntley, $88,665.09 Elefherios Kriakos, $88,382.81 (disputed)
On June 26, 2025, it was reported, Textile supplier Culp Inc. reported improved operating results for its fiscal fourth quarter, reflecting the benefits of a year-long restructuring initiative that included plant closures and a shift to an asset-light model. For the quarter ended April 27, the company posted net sales of $48.8 million, flat compared with $49.5 million in the prior-year period. Mattress fabric sales rose 5.3%, while upholstery fabric sales declined 8.9%. Culp narrowed its fourth quarter net loss to $2.1 million, or 17 cents per diluted share, compared to a net loss of $4.9 million, or 39 cents per share, in the same quarter last year. Culp said it completed its previously announced restructuring with the sale of its Canadian manufacturing facility. The company expects the plan to yield between $10 million to $11 million in annualized savings. For the full fiscal year, Culp posted consolidated net sales of $213.2 million, a 5.4% decrease from the prior year. The company reported a net loss of $19.1 million, or $1.53 per diluted share, versus a $13.8 million loss last year. Fourth quarter sales from Culp's mattress fabrics segment were $27.1 million, a 5.3% increase over sales of $25.8 million reported in the prior-year quarter. For the fiscal year mattress fabrics sales were down 2.1% to $113.9 million compared with full-year sales of $116.4 million in fiscal 2024. The upholstery fabrics group posted sales of $21.7 million in the fourth quarter, an 8.9% slide compared with sales of $23.8 million in the fourth quarter of last year. For the fiscal year, the fabrics group logged sales of $99.3 million, an 8.8% drop compared with sales of $109 million in fiscal 2024.
On May 28, 2025, it was reported, Hudson's Bay in recent weeks has managed to sell its intellectual property to retailer Canadian Tire, which also bid on several of its leases, for $21 million. Then about two dozen store leases went to a commercial real estate developer for an undisclosed amount. But as it shutters its entire fleet, more than 9,000 of its employees will be out of work by June 15, according to court documents. The iconic Canadian department store, which also ran Saks Fifth Avenue and Saks Off 5th in the country, filed for the equivalent of bankruptcy in March. At that point Hudson's Bay employed about 9,364 people across 96 stores, four distribution centers and its headquarters, with seven employees living in the U.S. After June 15, the department store company will continue to employ a few people to help with the wind-down of its business, including about 50 retail employees, 58 corporate employees and 10 distribution center employees, per the filing. The process of trying to sell its business and its leases made it clear "that no going concern sale opportunity is available, and as a result, it was necessary for the Company to make the difficult decision to significantly reduce employee headcounts to align with the winddown of the Liquidation Sale and rolling closure of store locations and required employee positions," the company told the court Monday. Hudson's Bay Co. said it would liquidate almost immediately after its bankruptcy filing, even eventually giving up on six namesake stores plus a Saks Fifth Avenue store that had been previously excluded from those plans,
On May 28, 2025, it was reported, Dallas Market Center will expand its Nearshoring America initiative in January 2026 with two trade expos aimed at strengthening regional supply chains and connecting U.S. buyers with manufacturers across Latin America. The events are scheduled to coincide with two major Dallas trade shows: the Total Home & Gift Market and Lightovation. The Nearshoring America Expo for home and gift will take place Jan. 7-9, 2026, while the lighting-focused edition will follow Jan. 10-11, 2026. Both expos are designed to support sourcing across the Americas, as businesses continue seeking alternatives to global supply chains that have grown increasingly unpredictable due to geopolitical and logistical challenges. The home and gift expo will be held on the 13th floor of the World Trade Center and features manufacturers specializing in home dcor, textiles, seasonal items, tableware, gifts and outdoor living products. The lighting expo, set on the fourth floor of the Trade Mart during Lightovation, will highlight manufacturers and partners focused on residential and commercial lighting. Exhibitors include makers of lighting fixtures, smart systems, ceiling fans, and custom components. The expos will welcome export-ready manufacturers, sourcing agencies, white-label suppliers and trade organizations. A Nearshoring America Expo focused on apparel and accessories is also in development. Nearshoring America is a year-round sourcing initiative created by Dallas Market Center to connect buyers with trusted regional partners. The program includes trade shows, networking events and educational content to help businesses adapt to supply chain challenges with near-market solutions.
