We shopped at Mattress Firm and saw why it could be on the verge of closing hundreds of stores
We visited a Mattress Firm store in Manhattan's Tribeca neighborhood. From the outside of the store, the focus seemed to be on luring shoppers in with deals and financing options.
While our visit to the store was in the mid-morning on a Wednesday — definitely not prime mattress-shopping time — the store was noticeably empty.
In January, a Reddit thread that accused the store of being a front for money laundering went viral. Reddit users claimed that Mattress Firm's stores are often empty, which they claimed could be a sign of something more dubious. Mattress Firm has denied these allegations.
We also visited two other Mattress Firm stores in New York and found that each one was completely empty during the day. It was almost impossible to go unnoticed, and we were instantly approached by a pushy salesperson who asked lots of questions and was reluctant to leave us to browse.
While some shoppers might find this helpful, their persistence was a little off-putting.
Each mattress was laid out on a bed frame for shoppers to test out. The mattresses were color-coded by firmness, which made it easy to shop.
The mattresses were expensive — some cost over $5,000 for a king size — but shoppers were constantly reminded of the financing options available.
Despite the available financing options, these mattresses are considerably more expensive than the options at bed-in-the-box retailer Casper, where a king-sized mattress, for example, can cost from $725 for a standard mattress and go up to $2,250 for a more technical piece.
The salesperson reassured us that there was a large discounted section on the lower floor.
Discounted mattresses were stacked up in piles for customers to buy then and there.
This is because the company offers a 120-day return period for customers to trial its mattresses. Returned items are then offered to other customers, often at a 50% discount.
These mattresses were still expensive, however. Some cost as much as $700.
The store was huge, and there were areas of unused space. In some parts, you could find boxed-up inventory on display.
There was a second desk area for salespeople downstairs, but no one was present.
Dotted around the store were various sleeping accessories, including specialty pillows.
There were pillow shields available for customers to test out the bedding, which was a nice touch.
We were impressed by the cheap bedding. These sheets were being sold for $10.
These mattress covers came with a 10-year warranty.
It's clear that the company is taking its new competition seriously: there were signs discouraging customers from shopping at bed-in-a-box companies.
Mattress Firm launched its own version of the bed-in-a-box, called Tulo, in October. Costing between $375 for a twin and $800 for a California-king-size mattress, these products are aimed at millennial consumers.
The store was easy to shop and well laid-out, and there were a ton of options to try. Still, the stores we visited were very empty, which was surprising given how many stores the chain has in highly concentrated areas. Even with the sales and discount signs, customers didn't seem to be biting.
Next Story
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
Axis Bank posts net profit of ₹7,129 cr in March quarter
7 Best tourist places to visit in Rishikesh in 2024
From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
7 Things to do on your next trip to Rishikesh
