AARoads Forum

Please login or register.

Login with username, password and session length
Advanced search  

News:

New rules for political content in signatures and user profiles. See this thread for details.

Author Topic: Sleep Train to rename all 318 mattress stores  (Read 2119 times)

bing101

  • *
  • Offline Offline

  • Posts: 2706
  • Last Login: Today at 10:48:36 AM
Sleep Train to rename all 318 mattress stores
« on: March 15, 2017, 07:22:47 PM »

http://www.sacbee.com/news/business/article136239718.html


The Sacramento based chain will be renamed Mattress Firm
Logged

Brandon

  • *
  • Offline Offline

  • Posts: 10294
  • Mr. Accelerator is our friend; Mr. Brake is not.

  • Age: 42
  • Location: Joliet, IL
  • Last Login: Today at 10:50:16 AM
Re: Sleep Train to rename all 318 mattress stores
« Reply #1 on: March 15, 2017, 07:50:53 PM »

http://www.sacbee.com/news/business/article136239718.html


The Sacramento based chain will be renamed Mattress Firm

Sounds like they (like Sleepy's and a few other chains) were purchased by Mattress Firm.  So, gotta wonder if the two, or even three Mattress Firms on a corner will spread to California.
Logged
"If you think this has a happy ending, you haven't been paying attention." - Ramsay Bolton

Illinois: America's own banana republic.

Screw the KSA; Stand with Canada.

Bruce

  • *
  • Offline Offline

  • Posts: 2137
  • Transit Commuter

  • Age: 22
  • Location: Snohomish County, WA
  • Last Login: Today at 02:08:28 AM
    • Wikipedia
Re: Sleep Train to rename all 318 mattress stores
« Reply #2 on: March 15, 2017, 07:57:01 PM »

What a generic name. I liked Sleep Country USA better.

jp the roadgeek

  • *
  • Offline Offline

  • Posts: 2902
  • Age: 43
  • Location: Outside the I-291 beltway
  • Last Login: Today at 09:49:19 AM
Re: Sleep Train to rename all 318 mattress stores
« Reply #3 on: March 16, 2017, 12:56:57 AM »

http://www.sacbee.com/news/business/article136239718.html


The Sacramento based chain will be renamed Mattress Firm

Sounds like they (like Sleepy's and a few other chains) were purchased by Mattress Firm.  So, gotta wonder if the two, or even three Mattress Firms on a corner will spread to California.

That was a Sleepys practice.  I know of two Mattress Firms within a mile of each other on the same road, and it used to be that way in my town.  Sleepys bought up a local chain after one of the owners of the local chain passed away.  For a while, there were two Sleepys within a mile, but the one they absorbed closed.  A few months later, the surviving owner of the old chain opened a new store in the old location with a new name and it there to this day.
Logged
Interstates I've clinched: 97, 290 (MA), 291 (CT), 291 (MA), 293, 295 (DE-NJ-PA), 295 (RI-MA), 384, 391, 395 (CT-MA), 395 (MD), 495 (DE), 610 (LA), 684, 691, 695 (MD), 695 (NY), 795 (MD)

Henry

  • *
  • Offline Offline

  • Posts: 4881
  • Age: 49
  • Location: Chicago, IL/Seattle, WA
  • Last Login: Today at 09:56:43 AM
    • Henry Watson's Online Freeway
Re: Sleep Train to rename all 318 mattress stores
« Reply #4 on: March 16, 2017, 09:35:16 AM »

One by one, the mattress industry is being monopolized. It's a shame that Sleepy's would never get to celebrate its 60th anniversary due to its being acquired by Mattress Firm; in fact, I could hardly believe it when a commercial on the radio told me that "the Mattress Professionals (Sleepy's longtime slogan) are now working for the Firm".
Logged
Go Cubs Go! Go Cubs Go! Hey Chicago, what do you say? The Cubs are gonna win today!

inkyatari

  • *
  • Offline Offline

  • Posts: 1395
  • Widen I-80 through all of Illinois!

  • Age: 50
  • Location: Morris, IL
  • Last Login: Today at 11:00:42 AM
    • Pie Factory Podcast - Classic Arcade gaming talk
Re: Sleep Train to rename all 318 mattress stores
« Reply #5 on: March 16, 2017, 10:07:25 AM »

The Freakonomics podcast did a really interesting episode on why there are so many mattress stores...

http://freakonomics.com/podcast/mattress-store-bubble/
Logged
I'm never wrong, just wildly inaccurate.

Brandon

  • *
  • Offline Offline

  • Posts: 10294
  • Mr. Accelerator is our friend; Mr. Brake is not.

  • Age: 42
  • Location: Joliet, IL
  • Last Login: Today at 10:50:16 AM
Re: Sleep Train to rename all 318 mattress stores
« Reply #6 on: March 16, 2017, 11:56:16 AM »

The Freakonomics podcast did a really interesting episode on why there are so many mattress stores...

http://freakonomics.com/podcast/mattress-store-bubble/

And this guy nails it as to why we have retail trouble:

Quote
So to Dholakia, if the question is, “are there too many mattress stores in America?” the answer would be no. Unless you change the question slightly and ask, “are there too many stores in America?”

    DHOLAKIA: In the U.S., we just have too much retail overall, period, not just mattress stores.

That’s right. The proliferation of mattress retailing is just a subset of a larger problem: a proliferation of retailing, period, which is an interesting claim for a professor of marketing to make.

    DHOLAKIA: So one statistic which I found to be very interesting is that America has 46 square feet of retail space per capita. In contrast, U.K. — United Kingdom — has just nine square feet, less than a fifth. And in fact, the U.K. is the European country with the most retail space per capita. So all other European countries have much less retail space. And so in America, we just have a lot of retail, even with the online retailing shift. We still have too many retail stores of every type, not just mattresses.

In other words, the internet is not doing in brick and mortar stores, brick and mortar stores are doing it to themselves.
Logged
"If you think this has a happy ending, you haven't been paying attention." - Ramsay Bolton

Illinois: America's own banana republic.

Screw the KSA; Stand with Canada.

Rothman

  • *
  • *
  • Offline Offline

  • Posts: 4756
  • Last Login: Today at 09:09:27 AM
Re: Sleep Train to rename all 318 mattress stores
« Reply #7 on: March 16, 2017, 12:06:37 PM »

Square feet by capita is a strange metric to use to come to that conclusion.  To have too much retail to me would mean we have too many businesses popping up and then going out of business due to lack of demand.  Retail space is degrees removed from what I would think really indicates if there is too much retail.
Logged
Please note: All comments here represent my own personal opinion and do not reflect the official position(s) of NYSDOT.

Brandon

  • *
  • Offline Offline

  • Posts: 10294
  • Mr. Accelerator is our friend; Mr. Brake is not.

  • Age: 42
  • Location: Joliet, IL
  • Last Login: Today at 10:50:16 AM
Re: Sleep Train to rename all 318 mattress stores
« Reply #8 on: March 16, 2017, 12:08:37 PM »

Square feet by capita is a strange metric to use to come to that conclusion.  To have too much retail to me would mean we have too many businesses popping up and then going out of business due to lack of demand.  Retail space is degrees removed from what I would think really indicates if there is too much retail.

However, that seems to be exactly what's happening.  Why else do we have chains folding?  How many sporting goods chains do we really need (to use a recent example - MC Sports, Sports Authority)?
Logged
"If you think this has a happy ending, you haven't been paying attention." - Ramsay Bolton

Illinois: America's own banana republic.

Screw the KSA; Stand with Canada.

Rothman

  • *
  • *
  • Offline Offline

  • Posts: 4756
  • Last Login: Today at 09:09:27 AM
Re: Sleep Train to rename all 318 mattress stores
« Reply #9 on: March 16, 2017, 12:10:36 PM »

Show me the data and then compare that to the UK.  Despite having less retail space per capital than US, is their turnover just as high?
Logged
Please note: All comments here represent my own personal opinion and do not reflect the official position(s) of NYSDOT.

Brandon

  • *
  • Offline Offline

  • Posts: 10294
  • Mr. Accelerator is our friend; Mr. Brake is not.

  • Age: 42
  • Location: Joliet, IL
  • Last Login: Today at 10:50:16 AM
Re: Sleep Train to rename all 318 mattress stores
« Reply #10 on: March 16, 2017, 12:29:44 PM »

Show me the data and then compare that to the UK.  Despite having less retail space per capital than US, is their turnover just as high?

That part I don't know, but I do know that we do have way too much retail.
Logged
"If you think this has a happy ending, you haven't been paying attention." - Ramsay Bolton

Illinois: America's own banana republic.

Screw the KSA; Stand with Canada.

catch22

  • *
  • Offline Offline

  • Posts: 221
  • Location: SE Michigan
  • Last Login: Today at 07:55:05 AM
Re: Sleep Train to rename all 318 mattress stores
« Reply #11 on: March 16, 2017, 02:23:06 PM »

Show me the data and then compare that to the UK.  Despite having less retail space per capital than US, is their turnover just as high?

That part I don't know, but I do know that we do have way too much retail.

Bingo. As an example, within a 20 minute drive of my house (western Detroit suburbs), we have:

6 Kohl's
4 JCPenney
3 Macy's (soon to be 2, the Westland Mall location is closing any day now)
4 Walmart
4 Home Depot
3 BestBuy
3 Sears (for how long is anyone's guess)
7 Walgreens'
3 Lowe's

The over-saturation of fast-food restaurants is even worse.

Logged

Rothman

  • *
  • *
  • Offline Offline

  • Posts: 4756
  • Last Login: Today at 09:09:27 AM
Re: Sleep Train to rename all 318 mattress stores
« Reply #12 on: March 16, 2017, 03:18:42 PM »

Again, how are you determining over-saturation?  They're viable businesses, right?
Logged
Please note: All comments here represent my own personal opinion and do not reflect the official position(s) of NYSDOT.

jeffandnicole

  • *
  • Offline Offline

  • Posts: 9921
  • Age: 44
  • Location: South Jersey
  • Last Login: Today at 06:08:00 AM
Re: Sleep Train to rename all 318 mattress stores
« Reply #13 on: March 16, 2017, 03:50:58 PM »

Show me the data and then compare that to the UK.  Despite having less retail space per capital than US, is their turnover just as high?

That part I don't know, but I do know that we do have way too much retail.

Bingo. As an example, within a 20 minute drive of my house (western Detroit suburbs), we have:

6 Kohl's
4 JCPenney
3 Macy's (soon to be 2, the Westland Mall location is closing any day now)
4 Walmart
4 Home Depot
3 BestBuy
3 Sears (for how long is anyone's guess)
7 Walgreens'
3 Lowe's

The over-saturation of fast-food restaurants is even worse.



What's the population in that area?  That's usually the driving force behind all those stores.  There'd be no sense to have 6 Kohls around 20 people.  If there were 6 Kohls around 2 million people then they may not even have enough.
Logged

inkyatari

  • *
  • Offline Offline

  • Posts: 1395
  • Widen I-80 through all of Illinois!

  • Age: 50
  • Location: Morris, IL
  • Last Login: Today at 11:00:42 AM
    • Pie Factory Podcast - Classic Arcade gaming talk
Re: Sleep Train to rename all 318 mattress stores
« Reply #14 on: March 16, 2017, 05:18:03 PM »


Bingo. As an example, within a 20 minute drive of my house (western Detroit suburbs), we have:

6 Kohl's
4 JCPenney
3 Macy's (soon to be 2, the Westland Mall location is closing any day now)
4 Walmart
4 Home Depot
3 BestBuy
3 Sears (for how long is anyone's guess)
7 Walgreens'
3 Lowe's

The over-saturation of fast-food restaurants is even worse.



What's the population in that area?  That's usually the driving force behind all those stores.  There'd be no sense to have 6 Kohls around 20 people.  If there were 6 Kohls around 2 million people then they may not even have enough.

Looks rather huge, given the western Detroit suburbs.

Logged
I'm never wrong, just wildly inaccurate.

ARMOURERERIC

  • *
  • Offline Offline

  • Posts: 973
  • Age: 55
  • Location: Morganton NC
  • Last Login: Today at 09:44:02 AM
Re: Sleep Train to rename all 318 mattress stores
« Reply #15 on: March 16, 2017, 11:45:13 PM »

I live in a town of 18000, it has 5 Food Lions, 3 Ingles, a Bi-Lo, 2 Walmart Neighborhood Markets and a Walmart Super center.
Logged

jwolfer

  • *
  • Offline Offline

  • Posts: 2037
  • Age: 49
  • Location: Jacksonville, FL
  • Last Login: July 22, 2019, 06:22:17 AM
Re: Sleep Train to rename all 318 mattress stores
« Reply #16 on: March 17, 2017, 12:03:17 AM »

I live in a town of 18000, it has 5 Food Lions, 3 Ingles, a Bi-Lo, 2 Walmart Neighborhood Markets and a Walmart Super center.
How many live in the surrounding area?
Is a suburban town of 18000in city limits with 70000 in unincorporated areas. Or other towns.

 Some smaller towns have lots of retail because they draw from a large trading area.. For example Secaucas, NJ is a retail mecca for northern NJ and NYC but onlt 15000 live in the town

LGMS428

Logged

inkyatari

  • *
  • Offline Offline

  • Posts: 1395
  • Widen I-80 through all of Illinois!

  • Age: 50
  • Location: Morris, IL
  • Last Login: Today at 11:00:42 AM
    • Pie Factory Podcast - Classic Arcade gaming talk
Re: Sleep Train to rename all 318 mattress stores
« Reply #17 on: March 17, 2017, 09:00:57 AM »

I live in a town of 12,000. We have two Subways, just got our first Starbuck's, one Walmart, one each of McD's, BK, Taco Bell, Chili's, KFC, Long JOhn Silver's and Buffalo Wild Wings.  And not much else,  I have to drive 20 miles to get anything else. I'm slightly outside the Chicago Metro Statistical Area (last I checked)
Logged
I'm never wrong, just wildly inaccurate.

catch22

  • *
  • Offline Offline

  • Posts: 221
  • Location: SE Michigan
  • Last Login: Today at 07:55:05 AM
Re: Sleep Train to rename all 318 mattress stores
« Reply #18 on: March 17, 2017, 10:53:38 AM »

Show me the data and then compare that to the UK.  Despite having less retail space per capital than US, is their turnover just as high?

That part I don't know, but I do know that we do have way too much retail.

Bingo. As an example, within a 20 minute drive of my house (western Detroit suburbs), we have:

6 Kohl's
4 JCPenney
3 Macy's (soon to be 2, the Westland Mall location is closing any day now)
4 Walmart
4 Home Depot
3 BestBuy
3 Sears (for how long is anyone's guess)
7 Walgreens'
3 Lowe's

The over-saturation of fast-food restaurants is even worse.



What's the population in that area?  That's usually the driving force behind all those stores.  There'd be no sense to have 6 Kohls around 20 people.  If there were 6 Kohls around 2 million people then they may not even have enough.

Wayne County has about 1.8M people.  I'm also close to Oakland County, which has about 1.2M but I only counted stores in the SW corner of it that met my 20-minute limit.  Lots more of all of these in the remainder of Oakland County.

Logged

rawmustard

  • *
  • *
  • Offline Offline

  • Posts: 738
  • Posin' with the marker

  • Age: 38
  • Location: Battle Creek, MI
  • Last Login: July 22, 2019, 11:22:01 PM
    • Blog
Re: Sleep Train to rename all 318 mattress stores
« Reply #19 on: March 17, 2017, 03:48:51 PM »

I live in a town of 12,000. We have two Subways, just got our first Starbuck's, one Walmart, one each of McD's, BK, Taco Bell, Chili's, KFC, Long JOhn Silver's and Buffalo Wild Wings.  And not much else,  I have to drive 20 miles to get anything else. I'm slightly outside the Chicago Metro Statistical Area (last I checked)

Are a lot of those places near a freeway interchange? Of course, being slightly outside of the Chicago MSA is still close enough to draw significant people from the fringes, and there's constant growth within those fringes. I'm amazed at how much an area like Huntley has developed, for instance. Your town might be experiencing a similar boom.
Logged

lordsutch

  • *
  • Offline Offline

  • Posts: 1054
  • Last Login: March 28, 2019, 10:31:40 AM
Re: Sleep Train to rename all 318 mattress stores
« Reply #20 on: March 17, 2017, 04:05:47 PM »

Well, labor, building, and utility costs are far higher in most of Europe than they are in the U.S. for a variety of reasons. So in general European retailers get by with less floor space and selection, and cut corners on service (Aldi-style "bag it yourself," for example), to stay profitable.

We do have an issue with income tax depreciation being skewed in favor of new greenfield construction rather than reusing existing buildings, but I don't think that's due to "too much retail" per se. I can't find the article offhand but I remember reading something years ago that said this helped explain why the US "dead mall" phenomenon is much less common in Canada despite similar land use rules, culture, etc.
Logged

inkyatari

  • *
  • Offline Offline

  • Posts: 1395
  • Widen I-80 through all of Illinois!

  • Age: 50
  • Location: Morris, IL
  • Last Login: Today at 11:00:42 AM
    • Pie Factory Podcast - Classic Arcade gaming talk
Re: Sleep Train to rename all 318 mattress stores
« Reply #21 on: March 17, 2017, 04:28:45 PM »

I live in a town of 12,000. We have two Subways, just got our first Starbuck's, one Walmart, one each of McD's, BK, Taco Bell, Chili's, KFC, Long JOhn Silver's and Buffalo Wild Wings.  And not much else,  I have to drive 20 miles to get anything else. I'm slightly outside the Chicago Metro Statistical Area (last I checked)

Are a lot of those places near a freeway interchange? Of course, being slightly outside of the Chicago MSA is still close enough to draw significant people from the fringes, and there's constant growth within those fringes. I'm amazed at how much an area like Huntley has developed, for instance. Your town might be experiencing a similar boom.

Only the Walmart and Buffalo Wild Wings are at the interstate.  And I forgot a Subway. We have three.  One is in the Walmart, and one is in a truckstop at the interstate.

It's really been fairly stagnant here until the last couple years.  I expect it to boom as soon as the Brisbin Road area develops.
Logged
I'm never wrong, just wildly inaccurate.

Thing 342

  • *
  • Offline Offline

  • Posts: 1230
  • Age: 21
  • Location: Hampton / Arlington, VA
  • Last Login: July 19, 2019, 09:08:14 AM
    • Thing 342's Road Photos
Re: Sleep Train to rename all 318 mattress stores
« Reply #22 on: March 17, 2017, 04:53:45 PM »

Quote
So to Dholakia, if the question is, “are there too many mattress stores in America?” the answer would be no. Unless you change the question slightly and ask, “are there too many stores in America?”

    DHOLAKIA: In the U.S., we just have too much retail overall, period, not just mattress stores.

That’s right. The proliferation of mattress retailing is just a subset of a larger problem: a proliferation of retailing, period, which is an interesting claim for a professor of marketing to make.

    DHOLAKIA: So one statistic which I found to be very interesting is that America has 46 square feet of retail space per capita. In contrast, U.K. — United Kingdom — has just nine square feet, less than a fifth. And in fact, the U.K. is the European country with the most retail space per capita. So all other European countries have much less retail space. And so in America, we just have a lot of retail, even with the online retailing shift. We still have too many retail stores of every type, not just mattresses.

How many times do we have to listen to academics restate "OMG, America has suburbs, you guys" until they stop? Comparing US development patterns to those in countries that have been settled thousands of years earlier is a fundamentally flawed idea.
Logged

 


Opinions expressed here on belong solely to the poster and do not represent or reflect the opinions or beliefs of AARoads, its creators and/or associates.