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![]() Mattress Firm Verdi Square in Manhattan in 2022 | |
Company type | Private |
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Industry | Retailer |
Founded | July 4, 1986 |
Founder |
|
Headquarters | Houston, Texas , U.S. |
Number of locations | 2,300 (2021) [1] |
Key people | John Eck CEO Steve Stagner former CEO [2] |
Products | Mattresses, bedding |
Brands | Tulo, Sleepy's |
Services | Mattress retailer |
Revenue | $4.39 billion (2021) |
(-$54.4 million) [3] | |
Number of employees | 10,000 (2018) [4] |
Website | mattressfirm |
Mattress Firm Inc. is an American mattress store chain founded on July 4, 1986. The headquarters of the company is located in Houston, Texas.
Before its bankruptcy in 2018, the company operated over 3,600 locations in 48 U.S. states. [5] [6] Mattress Firm has been owned by Steinhoff Holdings since 2016. [7]
On October 5, 2018, Mattress Firm filed for Chapter 11 bankruptcy. [8] The company planned to break 700 lease contracts by closing 200 unprofitable stores and was considering closing the other 500 stores out of the more than 3,300 it operated at that time. [8] [9] In November 2018, Mattress Firm emerged from Chapter 11 bankruptcy. [10]
In 2019, Mattress Firm appointed John Eck as CEO. [11]
In March 2020, Mattress Firm was one of several retailers to announce it would not pay some or all of its rent in April due to the effects of COVID-19. [12]
In 2023 the company announced it would move its headquarters to Westchase, Houston as the lease at its current headquarters ends. [13]
In May 2023 Tempur Sealy announced plans to acquire the firm in a reported $4 billion merger deal, however it was blocked by the FTC in July 2024 due to competition concerns over the proposed deal. [14]
In 2007, Mattress Firm acquired the mattress retailer Mattress Pro, which operated locations in the Southern United States (Texas & Nevada). [15]
The retail bedding manufacturer The Sleep Train Inc operated 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, [16] a New York private-investment firm which had acquired Sleep Country USA, a competing chain established in 1991, three months earlier. [17] [18] At the time, Sleep Train had 44 stores (of which 18 were in Washington) and Sleep Country USA had 28 stores. [17] In 2002, Sleep Train Inc. announced plans to purchase 54 Mattress Discounters' stores in California during that company's bankruptcy—which would double Sleep Train's size. [19]
In 2003, Fenway Partners sold Sleep Country USA to the Atlanta-based Simmons Company, [18] and in August 2006, Sleep Train Inc. purchased the then-55-store mattress chain from Simmons. [20]
In September 2011, Sleep Train acquired Christian's Mattress Xpress, converting three stores into new Sleep Train stores in Visalia, Fresno and Fowler, California. [21] 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. [22] In October 2012, Sleep Train acquired Sleep City, an 8-store chain in Eastern Washington and Idaho. [23] 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. [24]
On September 4, 2014, Mattress Firm Inc. announced it would buy The Sleep Train Inc. for $425 million. [25] In February and March 2017, the Sleep Train stores were renamed as Mattress Firm outlets. [26]
Sleep Country USA was a Pacific Northwest bedding retailer founded in 1991. It had more than 80 mattress stores in Oregon, Washington and Idaho. The company headquarters were in Kent, Washington. [27]
Sunny Kobe Cook and Robert Cook founded Sleep Country USA in 1991 as a specialty sleep store chain. [27] It started with eight stores and approximately 25 employees in Washington. [28] In March 2000, New York-based Fenway Partners Inc. acquired Sleep Country from Robert Cook and Sunny Kobe Cook. [29] 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. [30] The chain continued to operate as Sleep Country USA. Sleep Country Canada, an unaffiliated company, uses the same jingle.[ further explanation needed ]
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 Mattress Firm now owns. [31] Work to change the signage at stores was expected to continue into the fall of 2015, at least. [32]
Mattress Barn was a chain of mattress stores located only in Florida. On August 29, 2014, it was announced that Mattress Firm would acquire all of the remaining Mattress Barn locations. [33] In September 2016, all of the remaining stores converted into Mattress Firm. [34]
In 2015, Mattress Firm announced its plans to buy out its competitor Sleepy's for $780 million. With this purchase, Mattress Firm would come to have over 3,500 stores. [35] Mattress Firm continues to use the Sleepy's name for their brand of mattresses. [36]
Sleep America was an Arizona bedding retailer founded in 1997 by Debbie and Leonard Gaby. By the time of Mattress Firm's acquisition of the company, they had about 30 stores. They were based in Phoenix, Arizona.
On January 6, 2015, Mattress Firm acquired Sleep America for $12.5 million. [37] Over the next four months, all of the Sleep America stores closed and were converted into Mattress Firm stores. A few locations became clearance centers for Mattress Firm.
Toys "R" Us is an American toy, clothing, and baby product retailer owned by Tru Kids and various others. The company was founded in 1948; its first store was built in April 1948, with its headquarters located in Parsippany-Troy Hills, New Jersey, in the New York metropolitan area.
Bed Bath & Beyond was an American big-box retail chain specializing in housewares, furniture, and specialty items. Headquartered in Union, New Jersey, the chain operated stores in the United States and Canada, and was once counted among the Fortune 500 and the Forbes Global 2000. The chain filed for Chapter 11 bankruptcy in April 2023 and liquidated all of its remaining stores, with the last closing on July 30, 2023. Following the retail chain's liquidation, its name was adopted by online retailer Overstock.com, which acquired the company's trademarks in a bankruptcy auction. The name is also still used by the chain's former Mexican division, which is now independent.
Party City Holdco Inc, commonly referred to as Party City is an American publicly traded retail chain of party stores founded in 1986 by Steve Mandell in East Hanover, New Jersey. The companies headquarters are in Woodcliff Lake, New Jersey. The company is the largest retailer of party goods in the United States, Canada, and Mexico. The company operates over 850 company-owned and franchise outlets in over 70 countries around the world under the Party City, Halloween City, Toy City, Factory Card and Party Outlet brands.
Belk, Inc. is an American department store chain founded in 1888 by William Henry Belk in Monroe, North Carolina, with nearly 300 locations in 16 states. Belk stores and Belk.com offer apparel, shoes, accessories, cosmetics, home furnishings, and a wedding registry.
Dale R. Carlsen founded The Sleep Train Mattress Center in 1985, and has guided the company to become the largest retailer of mattresses on the West Coast, and one of the top three in the United States. In 2002, Dale purchased 54 of Mattress Discounters' stores in California during that company's bankruptcy—more than doubling Sleep Train's size. In August 2006, Dale purchased Sleep Country USA from Simmons Bedding in a move to re-enter the northwestern market.
The Simmons Bedding Company is an American major manufacturer of mattresses and related bedding products, based in Atlanta, Georgia. The company was founded in 1870. Simmons' flagship brand is Beautyrest. In addition to operating 18 manufacturing facilities in the United States and Puerto Rico, the company licenses its products internationally. According to a Simmons press release, net sales for 2005 were $855 million, and its revenue was $1.13 billion in 2007 and $1.228 billion in 2013. In 2011, Simmons ranked in third place among U.S. mattress manufacturers, with a 15.7 percent market share. In 2012, Simmons and its sister company Serta International were acquired by American private equity company Advent International. As of 2022, Simmons is a subsidiary of the American company Serta Simmons Bedding, LLC of Doraville, Georgia. On January 23, 2023, Serta Simmons Bedding filed for Chapter 11 bankruptcy.
Ritz Camera & Image is a photographic retail and photofinishing specialty store, headquartered in Edison, New Jersey. The company owns and used to operate a chain throughout the United States under the names Wolf Camera, Inkley’s and Ritz Camera. In 2012, Ritz Camera was acquired by C&A Marketing.
Sleep Country Canada Holdings Inc. is a Canadian mattress retailer and #1 specialty retailer of Canada with over 250 stores operating in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Prince Edward Island and Nova Scotia. In 2006, the company was ranked one of the top 50 companies to work for in Canada by the Globe and Mail.
Peebles was an American chain of department stores owned by Stage Stores, Inc. and headquartered in Houston, Texas.
G.I. Joe's was a privately owned retail chain for sporting goods, ready-to-wear clothing, and auto parts; that operated stores in the Pacific Northwest region of the northwestern United States.
Charlotte Russe Inc. is an American clothing retail chain store that operates in the United States, headquartered in Toronto, Canada. Fashions in the stores are targeted at women in their teens and twenties. As of September 2023, Charlotte Russe operates 196 stores, mostly in malls and shopping centers.
Joanne's Bed and Back was a retailer of specialty beds, mattresses, and chairs in the Mid-Atlantic region of the United States. The chain, which is based in Beltsville, Maryland, primarily has stores in the U.S. states of Maryland and Virginia. The company also had locations in New York in the past, when two stores opened in Manhattan during the 1990s. The chain markets to those with back problems who are looking for furniture to meet their special needs.
Sleepy's was a retail mattress chain with over 1,000 stores, primarily situated in the northeastern United States. The company was founded in New York City in 1931. Sleepy's was acquired by Mattress Firm in December 2015 and all stores were rebranded under the Mattress Firm name on January 1, 2017, but the website continued as an online retailer until 2018. Mattress Firm now uses the Sleepy's name for their private label mattresses.
Art Van Furniture Inc. was an American furniture retail store chain, with stores across the Midwestern United States. Founded in 1959, the company was headquartered in Warren, Michigan, and claimed to be the largest furniture retailer in the Midwest at its peak. In 2020, the company filed for bankruptcy and closed all of its stores.
1800Mattress.com was an American bedding retailer headquartered in Hicksville, New York and famous for its ads that used the slogan "leave off the last S for savings".
Oshman's Sporting Goods Inc. was a sporting goods retailer in the United States. Their headquarters were in East End, Houston, Texas. It operated traditional sporting goods stores and Oshman's Supersports USA megastores.
Mattress World, Inc. orMattress World of Michigan was a mattress retail chain in Michigan and Indiana in the Midwestern United States. Its headquarters were in Genoa Township, Michigan. Stores were usually freestanding and located in bedroom communities instead of big box store corridors.
Tuft & Needle is an American bed-in-a-box company that launched in 2012. On September 28, 2018, the company was acquired by Serta Simmons Bedding.
Amerisleep is an American memory foam mattress and bedding company based in Scottsdale, Arizona. The company was founded in 2010 and it has retail locations in Arizona, Colorado, Texas, Oregon, Houston and three stores in South Korea.
Starting in February, Sleep Train stores are being re-named to Mattress Firm. Customers will see store signs change from Sleep Train to Mattress Firm through March.