Mattress Firm Plans to Close 200 Underperforming Stores After Integrating Acquired Portfolios
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.
In other news, South Africa-based Steinhoff announced earlier this month that its CEO had resigned after the firm learned it was being investigated for accounting irregularities. It also announced…
