Mattress Firm Q2 Sales Climb 35.5 Percent
August 11, 2014,
HOUSTON-Mattress Firm's second-quarter net sales rose 35.5 percent to $410 million, according to a preliminary statement from the specialty retailer.
The jump in the top line owed to a 9.7 percent gain in same-store sales along with the addition of new and acquired stores, the statement said. "Our sales performance has been consistently strong in recent months, which we believe is driven primarily by the continuation of our deliberate growth initiatives as well as the new luxury bedding models on our floors," said Steve Stagner, Mattress Firm's president and CEO.
The company's second quarter ended on July 29. It said it expects to report the quarter's full results early in September.
Other Articles By Author
Patti Carpenter Talks Color and its Importance in the Home
HFN's DIGITAL EDITION
COVER STORY: Sharpening the Focus on Millennials
Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.
ALSO IN THIS ISSUE:
- Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
- Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.