Mattress firm is supposedly the US’s largest specialty mattress retailer, but have you ever really seen anyone in there?
Sometimes when you read conspiracy theories they are so far out there you really have to open your mind to be able to get into them. Well. that’s not the case with this conspiracy theory!
A Reddit user wrote the other day claiming Mattress Firm, the largest specialty mattress retailer in the US, is a money-laundering operation and it went viral. We decided to follow the facts. Open up your Google maps and notice how many Mattress Firms are in such close proximity. Another Reddit user says “multiple stores = more places to shuffle money between and more sources for fake money to appear to come from.” Starting to sound less crazy right?
Conspiracy theories usually address things like aliens, government, or even the Illuminati. But on Tuesday, a new conspiracy theory was generated by a Reddit user (his comment was deleted) who suggested that Mattress Firm was a money laundering powerhouse. When you first hear this it sounds crazy, they are just trying to sell mattresses, right?
There are more mattress firms in the surrounding Charlotte area than Chick-Fil-A’s. People go to Chick-Fil-A every day, some even multiple times a day. On the other hand, sixty percent of American’s take somewhere between ten and twenty years to purchase a new mattress. So why do we need so many Mattress Firm locations if the purchase rate is so infrequent?
Another angle to consider is the rapid rate at which these stores are opening. Every other major retailer in the United States is downsizing on their brick and mortar locations to compete in the growing e-commerce sector. However, your favorite mattress store Mattress Firm is opening new locations surprisingly often.
Mattress Firm was purchased by the international retailer Steinhoff in 2016. After the purchase was made Mattress Firm’s finances have been kind of sketchy. In the past, the company has not been able to release account statements due to “accounting irregularities”. Also, in 2016, Mattress Firms stock price tanked 62% in just one day.
Follow the facts!!
Are you all in!?