Mattress Firm is the country's largest mattress retailer with about 3,000 brick-and-mortar locations, though the company has been losing market share in recent years to online competitors.
Tempur Sealy pulled its Tempur-Pedic products from Mattress Firm stores last year.
Mattress Firm recently cited "ineffective brand marketing" as one of its key strategic issues in a public lender update. The company also noted that it was experiencing a shift in supplier relationships and "merchandising decisions that negatively impacted profitability."
Along with Tempur Sealy, Amazon.com Inc. (AMZN) - Get Report could also be a beneficiary of the impending consolidation of the mattress industry. Amazon recently launched AmazonBasics Memory Foam Mattress as a private label option for mattress shoppers.
Amazon's mattress comes in twin, full, queen, king and California king sizes and starts at $130. Amazon joins other companies like Casper, Leesa, Yogabed and Purple looking to take market share from Mattress Firm.
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