Mattress Firm Plans to Close 200 Underperforming Stores After Integrating Acquired Portfolio
Houston-based retailer Mattress Firm, which added more than 2,000 stores between 2013 and 2016, announced plans to cull approximately 200 under-performing stores following its purchase a year ago by Steinhoff International Holdings NV for $3.8 billion.
Earlier this month, South Africa-based Steinhoff announced an investigation into accounting irregularities and the resignation of its CEO. It also announced that it would have to restate previous…
