No Photo Available

Last Update

2016-08-23T00:00:00.000Z

This profile was last updated on .

Is this you? Claim your profile.

Wrong Steve Stagner?

Mr. Steve Stagner

Chief Executive Officer

Mattress Firm Inc

Direct Phone: (713) ***-****       

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

Get ZoomInfo Grow

+ Get 10 Free Contacts a Month

Please agree to the terms and conditions

I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Grow at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Mattress Firm Inc

5815 Gulf Freeway

Houston, Texas 77023

United States

Company Description

With more than 3,800 company-operated and franchised stores across 48 states, Mattress Firm (NASDAQ: MFRM) has the largest geographic footprint in the United States among multi-brand mattress retailers. With the 2016 acquisition of Sleepy's, Mattress Firm ... more

Find other employees at this company (2,172)

Background Information

Employment History

President

S. C. Stagner Contracting Inc

Director of Rousche College of Business Advisory Council

Stephen F. Austin State University

Key Account Representative

Simmons Bedding Company

Sales Representative

Sealy Corporation

Affiliations

Advisory Board
TGen

Member
Delta Sigma Phi

Education

bachelor's degree

Business Administration and Marketing

Stephen F. Austin State University

bachelor's degree

marketing

SFA

Web References (199 Total References)


"This transformational acquisition unites ...

www.wholesalemattresswarehouse.com [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.


"This transformational acquisition unites ...

www.wholesalemattresswarehouse.com [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

swamplot.com [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.


Testimonials | BEST HR Resources

www.besthrresources.com [cached]

Steve Stagner, CEO, Mattress Firm (Click here for complete reference)


...

www.sec.gov [cached]

0001534887 Stagner R. Stephen C/O MATTRESS FIRM HOLDING CORP. 5815 GULF FREEWAY HOUSTON TX 77023 1 1 0 0 Executive Chairman

Similar Profiles

Other People with this Name

Other people with the name Stagner

Jill Stagner
Village MD

Dena Stagner
Landry's Inc

Cheryl Stagner
Personal Economics Group

Julie Stagner
University of Arkansas

Tammy Stagner
Mail Print , Inc.

City Directory Icon

Browse ZoomInfo's Business Contact Directory by City

People Directory Icon

Browse ZoomInfo's
Business People Directory

Company Directory Icon

Browse ZoomInfo's
Advanced Company Directory