An apparatus is provided for feeding and slitting mattress covers, quilts and other soft goods supported on a table. The apparatus has a first slitting wheel rotatable by a motor. A second slitting wheel is rotatable by the motor and contacts the first slitting wheel to provide a cutting action. The apparatus further includes a conveyor operable by the motor for conveying the soft goods past the slitting wheels, and a compression assembly having an actuator, a swing arm, and wheels for compressing the soft goods and holding the soft goods against the conveyor to preventing slippage or twisting.