Mattress Firm to Pay Partial Rent as it Reaches Deals With Landlords

The retailer is working to reduce costs as many stores remain closed

Mattress Firm has advised its landlords that it will temporarily pay partial rent on its store locations, said Randy Carlin, the company’s chief real estate officer.

“We appreciate our landlord partners that have worked through suspension agreements with us, as those efforts reaffirm their confidence in our partnership,” Carlin said.

The company was previously reported to have initially communicated to landlords that it planned to reduce what it paid for rent, but then subsequently revoked that offer.

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