Tag Archives: Steve Stagner

Weiss Upped to Mattress Firm CFO

Mattress Firm

HOUSTON-Mattress Firm has promoted Alex Weiss, senior vice president of finance, to executive vice president and chief financial officer. The appointment will take effect on July 30. Jim Black, the current chief financial officer, will serve in this role until then, at which time he will transition into the role of senior corporate advisor toMore »

Mattress Firm Q1 Net Drops on Rising Costs

Mattress Firm

HOUSTON-Increased expenses trumped a healthy gain in sales to drive down Mattress Firm’s first-quarter net income by 35.7 percent, to $7.7 million. Selling, general and administrative expenses were up 28.3 percent in dollars and 185 basis points as a percentage of sales, to 31.9 percent. During the quarter, which ended on April 30, Mattress FirmMore »

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 »

Mattress Firm Ups Three Execs

Ken Murphy

HOUSTON-Mattress Firm executives Ken Murphy, Sam Woods and Kindel Elam have been promoted to new roles at the specialty mattress retailer. Murphy, who had been executive vice president of sales and operations, has been appointed to the previously vacant position of chief operating officer. Murphy now oversees sales and operations, marketing, merchandising, information technology, businessMore »

Mattress Firm Deals for Additional Stores

Mattress Firm

HOUSTON-Mattress Firm has made three deals that will add about 93 stores to its store base. The company has entered into an agreement to acquire the outstanding equity interests of Sleep Experts Partners, which operates Sleep Experts stores in Texas. It has also completed the acquisition of Yotes, which operates stores under the Mattress FirmMore »

Mattress Firm Net Climbs 45.6 Percent in Q3

Mattress Firm

HOUSTON-With sales rising from both existing and recently acquired stores, Mattress Firm logged a 45.6 percent gain in third-quarter net income, which totaled $18.1 million. Total net sales in the quarter, which ended on Oct. 29, were $326.2 million, up 17.7 percent and including a gain in same-store sales of 2.9 percent. Speaking yesterday inMore »

Mattress Firm Net Leaps 40 Percent in Q2

Mattress Firm

HOUSTON-Increased sales, especially from new and recently acquired stores, fueled Mattress Firm to a 40 percent gain in net income in its fiscal second quarter, to $14.1 million. Net sales in the quarter, which ended on July 30, rose 15.5 percent to $302.5 million. Steve Stagner, Mattress Firm’s president and CEO, said the revenue pickupMore »