Mattress Firm Deals for Mattress King and BedMart

Mattress Firm

HOUSTON-Mattress Firm has reached an agreement to acquire the assets and operations of Mattress Liquidators, which operates Mattress King stores in Colorado and BedMart stores in Arizona. When closed, the acquisition will add about 75 specialty mattress stores to Mattress Firm’s company-operated store base in the Denver, Phoenix and Tucson, Ariz., markets, where the companyMore »

Last updated: April 28, 2014

Jent Joins Design Weave as Sales EVP

Design Weave logoWEB

JAMESBURG, N.J.-Basic-bedding and mattress manufacturer Design Weave has hired Eric Jent as executive vice president of sales, a new position for the company. Jent is directly responsible for all sales strategy and development for Design Weave’s products, in both the U.S. and Canada markets. He reports directly to Henry Wang, Design Weave’s president and founder.More »

Last updated: April 24, 2014

Select Comfort Q1 Net Falls 27.6 Percent

Select Comfort

MINNEAPOLIS-Although sales posted a strong gain, Select Comfort’s first-quarter net income dropped 27.6 percent to $17 million. Significant increases in costs hurt the mattress manufacturer/retailer’s bottom in the quarter, which ended on March 29. Total operating expenses increased 13.6 percent in dollars and 310 basis points as a percentage of sales. During a conference callMore »

Last updated: April 18, 2014

Sleep Train Deals for America’s Mattress

Sleep Train Expands with Purchase of Sleep City Locations

SACRAMENTO, Calif.-Mattress retailer Sleep Train has entered an agreement to acquire America’s Mattress, a Hawaii based mattress specialty retailer. The acquisition will bring nine America’s Mattress stores into the Sleep Train fold. It is expected to close on April 23. Financial terms will not be disclosed. Sleep Train is the parent company of Sleep TrainMore »

Last updated: April 11, 2014

Mattress Firm Closes on Sleep Experts Purchase

Mattress Firm

HOUSTON-Mattress Firm has completed its acquisition of the outstanding partnership interests in Sleep Experts Partners. With this purchase, according to a Mattress Firm statement, the company expects to operate an additional 55 stores in the Dallas and Austin, Texas, markets, already two of the company’s core markets. The acquisition is also expected to advance MattressMore »

Last updated: April 4, 2014

Ares, Serta and Simmons Parent, Launches IPO

Ares Management

NEW YORK-Ares Management, one of the parent companies of mattress manufacturers Serta and Simmons and of retailer Neiman Marcus, has begun an initial public offering, according to a filing with the U.S. Securities and Exchange Commission. The filing did not specify how many shares are in the IPO, or the price per share, nor didMore »

Last updated: April 2, 2014

New CFO, HR Head for Select Comfort

Select Comfort

MINNEAPOLIS-Select Comfort has named David Callen senior vice president and chief financial officer, and has appointed Patricia Dirks senior vice president and chief human capital officer. In his new role, Callen is in charge of leading the company’s finance team and advancing the company’s financial growth plan. Dirks is responsible for all human resource functionsMore »

Last updated: March 20, 2014