A PYMNTS Company

US: Sleepy’s sold for $780M to rival Mattress Firm

By  |  December 1, 2015

The ubiquitous New York mattress chain Sleepy’s is putting to rest the sales and merger rumors — by selling out.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Mattress Firm, the largest mattress specialty retailer, announced Monday it was acquiring Hicksville-based Sleepy’s and its 1,050 stores for $780 million.

    “I think Sleepy’s was very expensive for customers,” a bedding manufacturer who sells to both chains said.

    “You get a much better value in a Mattress Firm store.”

    Mattress Firm has little presence in New York, but nationally it has more than double the number of Sleepy’s stores, with 2,420 locations.

    Full content: Street Insider

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.