DD Support Board and Research Team

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Why are [failing] mattress stores on every block? It's a fascinating saga with roots in South Africa.

"The South African retailer Steinhoff bought Mattress Firm for $3.8 billion in 2016. At the time, analysts were skeptical about why Steinhoff had forked over so much for a business increasingly threatened by new startups such as Casper."
https://www.businessinsider.com/mattress-firm-conspiracy-grows-after-accounting-problems-2018-1

And "Mattress Firm, largest US mattress retailer, files for Chapter 11 bankruptcy protection"
https://www.cnbc.com/2018/10/05/mattress-firm-files-for-chapter-11-bankruptcy-protection.html