Mattress Firm

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Mattress Firm Corporation
Public
Traded as NASDAQMFRM
Industry Retailer
Founded July 4, 1986 (July 4, 1986)
Founder Harry Roberts, Steve Fendrich and Paul Stork
Headquarters Houston, Texas, U.S.
Number of locations
1,600+
Products Mattresses, Bedding
Brands Tempur-Pedic, Stearns & Foster, Sealy, Serta, Simmons Beautyrest, Lux Living, Hampton & Rhodes
Services Mattress Retailer
Revenue $1.222 billion (2013)[1]
$52.9 million (2013)[1]
Total assets $784.6 million (2013)[1]
Total equity $328.4 million (2013)[1]
Owner Mattress Firm Holding Corp.
Number of employees
3,861 (2014)[2]
Parent Mattress Firm Holding Corp.
Website www.mattressfirm.com

Mattress Firm Inc. is an American retailing company and mattress store chain founded on July 4, 1986. The headquarters of the company is located in Houston, Texas.

Business units[edit]

As of 2012, the company operated over 1,600 locations in 35 U.S. states under several names.[2][3]

Mattress Pro[edit]

In 2007 Mattress Firm acquired the mattress retailer Mattress Pro.[4]

Sleep Train[edit]

On September 4, 2014, Mattress Firm Inc. announced it would buy the specialty retail bedding manufacturer The Sleep Train Inc. for $425 million.[5]

Sleep Train operates primarily in California. It was founded by Dale Carlsen in June 1985. The company is based in Rocklin, California.

In June 2000, Sleep Train sold 24 of its stores (mainly in Seattle and Portland), or about 30 percent of its business, to Fenway Partners,[6] a New York private-investment firm which had acquired Sleep Country USA, a competing chain established in 1991, three months earlier.[7][8] At the time, Sleep Train had 44 stores (of which 18 were in Washington) and Sleep Country USA 28.[7] In 2002, Sleep Train Inc. announced plans to purchase 54 of Mattress Discounters' stores in California during that company's bankruptcy—which would more than double Sleep Train's size.[9]

In 2003, Fenway Partners sold Sleep Country USA to the Atlanta-based Simmons Company,[8] and in August 2006, Sleep Train Inc. purchased the then-55-store Sleep Country USA chain from Simmons.[10]

In September 2011, Sleep Train acquired Christian’s Mattress Xpress, converting three stores into new Sleep Train stores in Visalia, Fresno and Fowler.[11] The following month, October 2011, Sleep Train purchased Mattress Outlet, a 14-store company with 13 stores in eastern Washington and one in Idaho, and America’s Mattress, a seven-store company in western Washington.[12] In October 2012, Sleep Train acquired Sleep City, an 8-store chain in Eastern Washington and Idaho.[13] In April 2014, Sleep Train acquired America’s Mattress in Hawaii. The acquisition included nine local America’s Mattress stores: five stores on Oahu, two stores on the Big Island in Kona and Hilo, and one each on the islands of Maui and Kauai.[14]

Sleep Country USA[edit]

Sleep Country USA is a Pacific Northwest bedding retailer founded in 1991. It has more than 70 mattress stores in Oregon and Washington. The company headquarters are in Kent, Washington.

Sunny Kobe Cook and Robert Cook founded Sleep Country USA in 1991 as a specialty sleep store chain.[15] It started with 8 stores and approximately 25 employees in Washington.[16] In March 2000, New York-based Fenway Partners Inc. acquired Sleep Country from Robert Cook and Sunny Kobe Cook.[17] In 2003, Fenway Partners sold Sleep Country USA to the Atlanta-based Simmons Company. In August 2006, The Sleep Train, Inc. purchased the then-55-store Sleep Country USA Pacific Northwest chain from Simmons for $55m.[18]

References[edit]

  1. ^ a b c d "Mattress Firm Key Statistics". Yahoo! Finance. Retrieved 27 March 2013. 
  2. ^ a b "Mattress Firm Store Locator". Mattress Firm. Retrieved 27 March 2013. 
  3. ^ "Mattress Firm Completes Acquisition of Mattress Giant". Business Wire. Retrieved 16 May 2012. 
  4. ^ "Mattress Firm takes over Mattress Pro stores". Austin Business Journal. 
  5. ^ "Mattress Firm buying Sleep Train for $425 million". The Seattle Times. 
  6. ^ Johnson, Kelly (June 11, 2000). "Sleep Train sells off 24 stores for cash in Seattle, Portland". Sacramento Business Journal. Retrieved July 10, 2011. 
  7. ^ a b Lee, Thomas (March 3, 2000). "N.Y. firm acquires Sleep Country". The Seattle Times. Retrieved July 10, 2011. 
  8. ^ a b Levesque, John (August 9, 2009). "Sleep Country jingle has been waking up the Northwest for 18 years". Seattle Post-Intelligencer. Retrieved July 10, 2011. 
  9. ^ Johnson, Kelly (October 23, 2002). "Sleep Train agrees to buy 54 stores". Sacramento Business Journal. Retrieved July 10, 2011. 
  10. ^ "Sleep Train purchases Sleep Country USA". Sacramento Business Journal. August 30, 2006. Retrieved July 10, 2011. 
  11. ^ Sleep Train announces acquisition, expansion. The Business Journal. Retrieved May 6, 2012.
  12. ^ Sleep Train buys two mattress companies. Sacramento Business Journal, October 28, 2011. Retrieved May 6, 2012.
  13. ^ Sleep Train acquires more stores, expanding Got Sleep format. Sacramento Business Journal, October 26, 2012. Retrieved November 2, 2012.
  14. ^ Slaughter, Powell (April 10, 2014). "Sleep Train to Acquire America’s Mattress in Hawaii". Home Furnishings Business. Retrieved May 11, 2015. 
  15. ^ "Sleep Country USA marks 20 years". Bed Times. July 2011. Retrieved May 30, 2012. 
  16. ^ Sleep Country Celebrates 20th Year Anniversary Sleep Country website. Retrieved May 30, 2012
  17. ^ Goldfield, Robert (September 7, 2003). "Simmons selling region's biggest mattress retailers". Puget Sound Business Journal. Retrieved May 30, 2012. 
  18. ^ "Simmons selling Sleep Country for $55M". Puget Sound Business Journal. July 6, 2006. Retrieved May 30, 2012. 

External links[edit]