Specialty mattress retailer with stores across the United States.
Acquired by Advent International2016-08-11
Leading mattress specialty retailer with extensive store network and brand partnerships
Mattress Firm will experience significant store closures, reducing customer access to their products
Mattress quality and construction will likely degrade, with cheaper foam, thinner coils, and lower thread counts used in new mattresses
Mattress warranties and customer service will likely be reduced or scaled back
Mattress inventory levels will be cut, leading to fewer options and less product availability for customers
Announcements about 'transformation' and 'optimization' of the Mattress Firm business model
First round of store closures, along with staff reductions, announced
Noticeable decline in overall mattress quality and selection, with fewer high-end options available
Bankruptcy rumors begin to circulate, leading to more aggressive cost-cutting measures that further degrade the customer experience
Potential bankruptcy, restructuring, or fire sale of Mattress Firm assets
Other companies that followed a similar path after PE acquisition
Consider alternative mattress providers that are not owned by private equity firms, as they may offer more stable and higher-quality products
Be cautious about purchasing new mattresses from Mattress Firm in the coming years, as the quality and warranty terms are likely to degrade
Monitor Mattress Firm's store closures and product changes, and be prepared to seek alternative options if the customer experience significantly declines
Employee-owned warehouse retailer
Publicly traded retailer with strong values