Sleep Train
 |
|
| Private | |
| Traded as | NASDAQ: MFRM |
| Industry | Retailer |
| Founded | July 4, 1986 |
| Founder | Harry Roberts, Steve Fendrich and Paul Stork |
| Headquarters | Houston, Texas, U.S. |
|
Number of locations
|
3,500 |
|
Key people
|
Kenneth E. Murphy III (CEO) |
| Products | Mattresses, bedding |
| Brands | Lux Living, Hampton & Rhodes |
| Services | Mattress retailer |
| Revenue | $2.541 billion (2015) |
| $52.9 million (2013) | |
| Total assets | $784.6 million (2013) |
| Total equity | $328.4 million (2013) |
|
Number of employees
|
3,861 (2014) |
| Parent |
Steinhoff International (2016–present) |
| 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. On 7 August 2016, it was announced that South African retailer Steinhoff International will buy the company.
As of 2016, the company operated over 3,600 locations in 48 U.S. states.
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.
In 2007 Mattress Firm acquired the mattress retailer Mattress Pro.
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, 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 2003, Fenway Partners sold Sleep Country USA to the Atlanta-based Simmons Company, and in August 2006, Sleep Train Inc. purchased the then-55-store mattress chain from Simmons.
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.
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