You mean it wasn’t smart to open a store on every fucking corner?

https://www.cnbc.com/2018/08/06/mattres ... urces.html

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You mean Jason Goff's endorsement was not a good investment?

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Why are only 14 percent of black CPS 11th-graders proficient in English?

There are two in the same shopping center at 59 and 72. But I just checked online and I guess one is a clearance store.

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Hawaii (fuck) You

I'm amazed at the amount that I've seen as well. Dumb business move. Anybody looking for a matress doesn't mind making a 10 mile drive. You don't need them on every corner like a fast food chain.

There are at least 3 if not 4 on the corner of Golf and Roselle.

Clearance store? What do they sell used mattresses?

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i think there were 4 or 5 in new lenox alone. i just assumed they could print money at those stores to be able to open so many of them.

Are the prices firm?

Mattress Firm feels like the Washington Mutual of leases and subleases of commercial property. My theory was always that if you needed to show some occupancy or needed some cash to service your property loan, Mattress Firm would come in and take the lease at 40-50% of market value (perhaps with free years on the back end which could be easily sublet) and pow, another store.

Now they've built up lots of debt from the leases, and they can jettison the most expensive ones, and leave the property owners totally fucked. Repackage the best leases, sublet some of them to other business types for a profit, and keep the lease in each neighborhood with the most favorable terms.

Picking a point at random in a mostly residential area (the Downers Grove Fairview Metra station) there are 16 Mattress Firm stores and 2 clearance stores in a 7 mile radius.

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"When people want their version of the truth, they go find it, no matter how baseless their beliefs." -- Ken Rosenthal

If they are truly doing that, it makes no sense from a cash flow perspective. You are tying up millions in working capital in inventory. I hope the bankruptcy court calls bullshit on their plan to dump leases.

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Hawaii (fuck) You

Overplayed the nationwide bedbug epidemic?

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Just chillin' like Garret Quillin.

There’s a little cushion.

Sounds like you get an offer you need to sleep on it.

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I hear they like to have big sales in the Spring only.

They just layed off their top salesman,Lumpy Serta.

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favrefan said:"Chris Coghlan isn't gonna pay your rent, Jimmy."

159th and Harlem:

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"All crowds boycotting football games shouldn't care who sings or takes a knee because they aren't watching." - Nas

Do they really have much more inventory if they have 16 stores than 13 around eastern DuPage? I would think most of their inventory is in a warehouse dispatching for next day delivery.

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"When people want their version of the truth, they go find it, no matter how baseless their beliefs." -- Ken Rosenthal

Well those stores usually have a lot on the floor. Maybe they don’t have any in back. But I can’t figure arbitraging rent is a great strategy. If it was, then I would assume hedge funds would do it.

If the locations are so great, then the owner would find tenants easily.

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Hawaii (fuck) You

I buy my mattress from the Lumbar Yard.

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I like Good Vertibrations.

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"All crowds boycotting football games shouldn't care who sings or takes a knee because they aren't watching." - Nas

I got mine on Amazon

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When I am stuck and need to figure something out I always remember the Immortal words of Socrates when he said:"I just drank what?"

I think the reason they have so many locations near each other is because of acquisitions. They bought Sleepys and ended up with 2 stores on the same intersection by me...both in newly constructed buildings. I’m sure lease agreements kept them both in place. Seems like poor due diligence.

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“Mr. Trump is unfit for our nation’s highest office.”- JD Vance
“My god, what an !diot.”- JD Vance tweet on Trump
“I’m a ‘Never Trump’ guy”- JD Vance