The largest specialty mattress store in the US, Mattress Firm, was purchased by Steinhoff International Holdings NV, a South African conglomerate in the retail industry. All of Mattress Firm’s retail brands, including Sleepy’s, which the company had just one year previously purchased, were included in the $3.8 billion deal.
In 1986, Mattress Firm was established in Houston, Texas, and by the time it was acquired, it had expanded to operate more than 3,500 stores nationwide. In the years prior to the acquisition, the business had battled with dwindling revenues and heightened competition from online mattress retailers.
The Steinhoff acquisition was viewed as a means of enhancing Mattress Firm’s ability to compete in the quickly evolving retail environment. Conforama and Pepkor are among the retail brands in Steinhoff’s portfolio; the company has operations in more than 30 countries. Steinhoff brought substantial financial resources and international experience to the table.
As part of the deal, Steinhoff also acquired Sleepy’s, a local mattress retailer with a history dating back to 1957 in the Northeastern United States. Before Mattress Firm purchased Sleepy’s in 2015, the company had expanded to operate over 1,000 locations. After some time, the Sleepy’s name was discontinued, and the stores were rebranded as Mattress Firm locations. Where Are Mattresses For Sleepys Made?
The majority of Sleepy’s items, including its mattresses, were produced in the United States by Sealy, Serta, and Simmons. A variety of mattresses from these and other top brands are available via Mattress Firm, which currently manages the former Sleepy’s retail locations. Who is Harry Acker, exactly?
The company Sleepy’s was founded in 1957 by Harry Acker as a single store in Brooklyn, New York. Before selling the company to Mattress Firm in 2015, Acker developed the company into a regional mattress retailer with over 1,000 locations. Who Makes the Mattresses at Sleepy’s?
The main mattress manufacturers for Sleepy were Sealy, Serta, and Simmons, while the company also sold mattresses from other brands. A variety of mattresses from these and other top brands are available via Mattress Firm, which currently manages the former Sleepy’s retail locations. What Made Sleep Train Change Its Name?
After being acquired by that firm, Sleep Train, a West Coast mattress shop, changed its name to Mattress Firm in 2016. The action was taken as part of a plan to unify the company’s identity and give all of its stores a single name. More than 3,500 Mattress Firm-branded locations are currently open around the country.