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Mattress Firm Holding Corp is a popular American mattress retailer that operates over 3,500 stores across the United States. The company was founded in 1986 and is headquartered in Houston, Texas. It is the largest mattress retailer in the country and is known for offering a wide range of mattresses, bedding accessories, and sleep-related products from top brands. In this article, we will take a closer look at the company's history, financials, acquisitions, controversies, leadership, store locations, competition, and customer reviews.

As mentioned earlier, Mattress Firm Holding Corp was founded in 1986 by Steve Fendrich in Houston, Texas. The company initially operated under the name "Waterbeds Unlimited" and specialized in waterbeds. In 1997, it changed its name to Mattress Firm and started expanding its product offerings to include traditional mattresses. Over the years, the company has grown significantly through acquisitions and now has a strong presence in almost every state in the US.

The early years of Mattress Firm Holding Corp were marked by rapid growth as the company acquired several smaller mattress retailers, such as Mattress Giant, Sleep Train, and Sleep Country USA. In 2016, the company was acquired by Steinhoff International, a South African retail conglomerate, in a deal worth $3.8 billion. However, Steinhoff's accounting scandal in 2017 led to financial troubles for Mattress Firm, and the company filed for bankruptcy in 2018. It emerged from bankruptcy in 2018 with a new CEO, John Eck, and a plan to close underperforming stores and focus on digital sales.

Mattress Firm Holding Corp has had a tumultuous financial history, with steady growth in the early years and then a decline due to the Steinhoff scandal. In 2019, the company reported a revenue of $3.2 billion, a decrease from $3.4 billion in the previous year. However, with a new leadership team and a focus on digital sales, the company's financials are expected to improve in the coming years.

One of the key strategies of Mattress Firm Holding Corp has been to grow through acquisitions. Some of the notable acquisitions by the company include Mattress Giant in 2012, Sleep Train in 2014, and Sleep Country USA in 2015. These acquisitions helped the company expand its presence in different regions and gain a larger market share.

Mattress Firm Holding Corp has faced its fair share of controversies over the years. In 2016, the company was sued by a former employee for allegedly firing her for reporting unethical sales practices. In 2018, Mattress Firm was involved in a lawsuit with Tempur Sealy, one of its key suppliers, over a contract dispute. In recent years, the company has also faced criticism for its aggressive store expansion and sales tactics.

Since its bankruptcy in 2018, Mattress Firm Holding Corp has seen a change in leadership. John Eck, a former executive at the company, returned as CEO in 2018, and he has been focused on turning the company around and improving its financials. The company also has a new board of directors, which includes experienced executives from the retail and consumer goods industry.

Mattress Firm Holding Corp has over 3,500 stores across the United States, making it the largest mattress retailer in the country. The company operates under various brand names, including Mattress Firm, Sleepy's, and Sleep Train. Its stores can be found in almost every state, and the company continues to expand its presence in new markets.

As the largest mattress retailer in the US, Mattress Firm Holding Corp faces competition from both traditional and online retailers. Some of its key competitors include Sleep Number, Casper, and Purple. The company also faces competition from department stores and furniture retailers that offer mattresses as part of their product offerings.

The customer reviews of Mattress Firm Holding Corp are mixed, with some customers praising the quality of their mattresses and others criticizing the company's sales tactics and customer service. The company has a rating of 2.9 out of 5 stars on Trustpilot, with some customers mentioning issues with delivery, returns, and warranties. However, the company also has many satisfied customers who appreciate its wide selection of mattresses and competitive prices.