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This profile was last updated on 12/7/15  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Steve Stagner

Wrong Steve Stagner?
 
Background

Employment History

Education

  • bachelor's degree , marketing
    SFA
169 Total References
Web References
"This transformational acquisition unites ...
www.furnituretoday.com, 7 Dec 2015 [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 allow Mattress 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.
...
www.sec.gov, 3 Dec 2015 [cached]
0001534887 Stagner R. Stephen C/O MATTRESS FIRM HOLDING CORP. 5815 GULF FREEWAY HOUSTON TX 77023 1 1 0 0 Chief Executive Officer
"This unique and transformational ...
sleepsavvymagazine.com, 12 Sept 2014 [cached]
"This unique and transformational opportunity will meaningfully enhance Mattress Firm's position within the specialty retail bedding industry," said Steve Stagner, Mattress Firm president and chief executive officer.
Steve ...
www.jwchilds.com, 15 Sept 2015 [cached]
Steve Stagner
...
Steve Stagner President and CEO
Our Team | J.W. Childs Associates, LLC
www.jwchilds.com, 8 Nov 2014 [cached]
Steve Stagner President and CEO Mattress Firm
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