TITLE

2 heavyweight retailers face tough times

PUB. DATE
June 2001
SOURCE
Furniture/Today;6/25/2001, Vol. 25 Issue 41, p57
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Discusses the financial challenges facing United States bedding retailers, Mattress Discounters and Sleepmaster in 2001. Companies' failure to comply with several key financial covenants in their loan agreements during the first quarter of 2001; Financial performance of the companies.
ACCESSION #
4726362

 

Related Articles

  • When sleep shops close, where do the sales go? Perry, David // Furniture/Today;12/9/2002, Vol. 27 Issue 14, p33 

    Focuses on the bankruptcy of United States-based sleep shop Mattress Discounters Corp. Impact on the marketing of bedding; Analysts' speculation about the future of the company.

  • Discounters wins extension.  // Furniture/Today;10/7/2002, Vol. 27 Issue 6, p4 

    Reports that the bedding retailer, Mattress Discounters has extended its standstill agreements with its secured lenders and note holders while it continues to explore a financial restructuring. Failure of the Mattress Discounters to meet an interest payment; Terms under the company's standstill...

  • Mattress Discounters files Ch. 11. Thomas, Larry // Furniture/Today;10/28/2002, Vol. 27 Issue 8, p88 

    Reports on the bankruptcy filing of Mattress Discounters Corp. in October 2002. Sale and closure of stores; Restructuring plans.

  • Sleepmaster driving for Serta dominance. Thomas, Larry // Furniture/Today;07/24/2000, Vol. 24 Issue 45, p42 

    Presents news about bed retailers in the United States as of August 2000. Serta licenses acquired by New Jersey-based Sleepmaster; Mattress Discounters' sales in Chicago; Federal Trade Commission's `consumer alert' outlining labeling requirements for used bedding.

  • Bedding industry ex-execs rake in severance pay. Thomas, Larry // Furniture/Today;08/07/2000, Vol. 24 Issue 47, p30 

    Focuses on the severance pay received by the former executives of bedding retailer Mattress Discounters and manufacturer Simmons Co. in the United States. Total compensation received by executives Zenon Nie and Ron Passaglia from Simmons Co.; Base salary of the two executives' replacement; Role...

  • Mattress Discounters acquires two Va. stores.  // Furniture/Today;7/19/2010, Vol. 34 Issue 44, p27 

    The article reports that Mattress Discounters Corp., a bedding chain has agreed to acquire certain assets and two stores from Mattress King, the company's bankrupt competitor.

  • Mattress Discounters buys N.H. sleep shops. Perry, David // Furniture/Today;1/22/2007, Vol. 31 Issue 20, p87 

    The article reports that Maryland-based Mattress Discounters has acquired New Hampshire retailer Mattress World. Mattress Discounters, which is led by its chief executive Steve Newton, has more than 130 shops and is the largest sleep shop chain in New England. It has opened a warehouse in...

  • Groups vie for Sleepmaster. Thomas, Larry // Furniture/Today;11/11/2002, Vol. 27 Issue 10, p4 

    Reports on developments in the bedding manufacturing industry in Wilmington, Delaware compiled as of November 2002. Bankruptcies; Financial performance of several manufacturing companies; Acquisitions; Operations of Sleepmaster LLC and National Bedding Co.

  • Bedding exhibitors, buyers give rave reviews. Perry, David // Furniture/Today;2/5/2007, Vol. 31 Issue 22, p51 

    The article presents the enthusiastic reviews of various bedding makers and retailers on the a bedding exhibition organized in Las Vegas, Nevada. The various bedding retailers and makers at the market include Mattress Discounters in Virginia beach, Virginia, International Bedding, Serta, Comfort...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics