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Wrong Steve Stagner?

Mr. Steve Stagner

Chief Executive Officer

Mattress Firm Inc

Direct Phone: (713) ***-****       

Email: s***@***.com

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Mattress Firm Inc

5815 Gulf Freeway

Houston, Texas 77023

United States

Company Description

With more than 3,600 company-operated and franchised stores across 49 states, Mattress Firm has the largest geographic footprint in the United States among multi-brand mattress retailers. Founded in 1986, Houston-based Mattress Firm is the nation's first ... more

Find other employees at this company (2,497)

Background Information

Employment History

Executive Chairman and Chairman

Florida Family Association Inc


S. C. Stagner Contracting Inc

Chief Executive Officer

Elite Enterprises

Director of Rousche College of Business Advisory Council

Stephen F. Austin State University

Key Account Representative

Simmons Inc.

Sales Representative

Sealy Corporation


Advisory Board

Delta Sigma Phi


bachelor's degree

Business Administration and Marketing

Stephen F. Austin State University

bachelor's degree



Web References (176 Total References)

Notable Alumni - Stephen F. Austin State University Alumni Association [cached]

Steve Stagner ’91, Bellaire, TX: President, CEO of Mattress Firm

Steve ... [cached]

Steve Stagner

Executive Chairman and Chairman of the Board
Mattress Firm
Steve Stagner is the Executive Chairman and Chairman of the Board of Mattress Firm operating over 3,600 company and franchised stores across the United States. With combined annual sales of over $3.8 billion nationally, Mattress Firm is among the largest bedding retailers in the country.
In 2011, Mattress Firm successfully completed an Initial Public Offering and was listed on the NASDAQ under the symbol MFRM.
Mr. Stagner opened his first franchise location in Atlanta, Georgia in 1996 with $1,300 in the bank. After eight years, he and his business partner had built their independent franchise to greater than 50 stores and $62 million in annual sales. In January 2005, he merged his franchise organization into the Mattress Firm corporate entity and accepted the role of Chief Operating Officer. He became the President and Chief Executive Officer in 2010, and is now Mattress Firm's Executive Chairman and Chairman of the Board.
Prior to starting his franchise, Mr. Stagner worked in sales for Sealy and Simmons, representing the two of the nation's largest manufacturers of bedding products. He also served as a sales trainer for Brian Tracy after graduating from college, where he conducted sales training for over 1,000 companies and totaling over 10,000 sales professionals from East to West coast.
Growing up in Texas, Steve graduated from Stephen F. Austin State University in 1991 with a bachelor's degree in Business Administration and Marketing. Steve's pride and joy are his two children Austin and Isabella.

Mattress Firm's president and ... [cached]

Mattress Firm's president and chief executive officer Steve Stagner agreed, "Supporting our hometown and the local community of Houston has long been a passion for us at Mattress Firm.

"This transformational acquisition unites ... [cached]

"This transformational acquisition unites the nation's two largest mattress specialty retailers, providing customers with convenience, value and choice through our truly border-to-border and coast-to-coast, multi-brand retail stores and distribution network," said Steve Stagner, Mattress Firm's CEO.

In a Monday evening conference call with securities analysts, Stagner said there is "unquestionably compelling strategic rationale" for the acquisition, which will allowMattress Firm to leverage costs such as advertising, product sourcing and procurement on a national basis, and continue its long term drive to operate 4,500 stores nationally.
"We have long admired Sleepy's and the strong business they have built," Stagner said. "We have felt for years that this combination needed to happen."
Stagner said Sleepy's would be operated essentially "as is" during 2016. He said he doesn't anticipate a significant number of store closings because the two retailers compete head-to-head in only a few markets - Chicago being the most noteworthy.
"We typically don't try to close a lot of stores (following an acquisition). We tend to ride out the leases," he said. "We might have some overlap for a few years, at most."
He said the acquisition should result in some $40 million in cost savings by the third year after the closing. In addition, the company expects to get income tax benefits of about $11 million annually for at least a decade from the goodwill generated from the transaction and the carryover tax basis of other assets.
Stagner told analysts the company had discussed an acquisition with Sleepy's officials "several times over the years," but talks began in earnest in late September. At the time, other parties who he wouldn't identify also had expressed interest in buying Sleepy's.
"This represents our ninth consecutive quarter of positive same store sales growth," said Stagner.

Leasing | Swamplot [cached]

Former Mattress Firm CEO Steve Stagner (now swapped to executive chairman status) told investors yesterday that the increasingly ubiquitous bedding retailer is now planning to identify "duplicative" stores and shut them down, even potentially paying fees to break some leases early.

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