As posted ealier, luxury mattress company has fired for bankruptcy after failing to gain leverage from operational cost. Because of this, the company is holding a liquidation sale in Central and Eastern parts of the United States beginning today.

JESSUP, Md.–(BUSINESS WIRE)–Dormia, a leading mattress retailer and manufacturer with 20 stores across the Central and Eastern United States, will conduct a court ordered liquidation sale beginning Thursday, July 3. The company filed for Chapter 11 bankruptcy protection earlier this year and the court selected Hudson Capital Partners, LLC to manage the store liquidations.

Inventory valued at approximately $4.3 million will be liquidated at below-market prices in a sale that is expected to last approximately 10 weeks. Merchandise to be sold will include a wide range of high quality mattresses, pillows, bed covers and other bedding accessories. The liquidation sale will involve all 20 Dormia locations in 9 states (see store list attached). Following the liquidation of the stores, Dormia will continue to manufacture bedding products for sale by other retailers, but will no longer have any store locations.

“Dormia is a top-tier, well-respected bedding brand and this sale provides a great opportunity for consumers to acquire these quality products at a substantial discount,” said Jim Schaye, President and CEO of Hudson Capital Partners.

Dormia manufactures its products in a world class 110,000 square foot facility located in Jessup, MD. It is one of the most modern factories dedicated exclusively to latex and memory foam mattresses. Dormia products are engineered for quality by skilled craftsmen; their ultimate goal, to blend the finest materials into each and every mattress they build. As a whole, Dormia is recognized as an industry.

Dormia’s liquidation sale follows last week’s announcement that The Room Source, a moderately-priced furniture chain, has filed for Chapter 11 and will conduct a court-ordered bankruptcy liquidation sale managed by The High Point Group and Hudson Capital Partners.

Via Business Wire

Tags: bed, bed cover, bed covers, bedding, chapter 11 bankruptcy protection, dormia, furniture, latex, mattress-company, mattress-retailer, mattresses, Memory Foam Mattress, memory-foam-mattresses, quality mattresses, square foot facility, store liquidations, united states

This entry was posted on Thursday, July 3rd, 2008 at 10:38 am and is filed under MATTRESS Business.
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