|Traded as||NASDAQ: MFRM|
|Founded||July 4, 1986|
|Founder||Harry Roberts, Steve Fendrich and Paul Stork|
|Headquarters||Houston, Texas, U.S.|
Number of locations
|Brands||Tempur-Pedic, Stearns & Foster, Sealy, Serta, Simmons Beautyrest, Lux Living, Hampton & Rhodes|
|Revenue||$2.541 billion (2015)|
|$52.9 million (2013)|
|Total assets||$784.6 million (2013)|
|Total equity||$328.4 million (2013)|
Number of employees
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. On 7 August 2016, it was announced that South African retailer Steinhoff International will buy the company.
In 2007 Mattress Firm acquired the mattress retailer Mattress Pro.
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, a New York private-investment firm which had acquired Sleep Country USA, a competing chain established in 1991, three months earlier. At the time, Sleep Train had 44 stores (of which 18 were in Washington) and Sleep Country USA 28. 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.
In September 2011, Sleep Train acquired Christian’s Mattress Xpress, converting three stores into new Sleep Train stores in Visalia, Fresno and Fowler. 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. In October 2012, Sleep Train acquired Sleep City, an 8-store chain in Eastern Washington and Idaho. 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.
On September 4, 2014, Mattress Firm Inc. announced it would buy The Sleep Train Inc. for $425 million.
Sleep Country USA
Sunny Kobe Cook and Robert Cook founded Sleep Country USA in 1991 as a specialty sleep store chain. It started with 8 stores and approximately 25 employees in Washington. In March 2000, New York-based Fenway Partners Inc. acquired Sleep Country from Robert Cook and Sunny Kobe Cook. 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. The chain continued to operate as Sleep Country USA. Sleep Country Canada, an unaffiliated company, uses the same jingle.
In July 2015, the Kent, Washington-based Sleep Country USA company announced that it would begin rebranding all of its stores with the Sleep Train name, the California-based company that is now owned by Mattress Firm. Work to change the signage at stores was expected to continue into the fall of 2015, at least.
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