Sheepten
92750
1119
38
The truth
OC
fp edit: First time!
Remember "Three things cannot be long hidden: the sun, the moon, and the truth."
- Buddha
Mar 27, 2018 4:07 PM
Sheepten
92750
1119
38
OC
fp edit: First time!
Remember "Three things cannot be long hidden: the sun, the moon, and the truth."
- Buddha
YouDontKnowMeIDontKnowMe
We have 8 crystal shops in my small town. We have a 3,500 person population. They are all within a 300 yard radius. Money laundering.
PistolPeat
We had 8 open up within four months of each other and they are all within a five mile radius. Also my town is a hotbed of heroin overdose.
evilcarp
Anything with low overhead and structured payments is a great way to launder money. A few fake in store loans on overpriced goods......
AchDuLieber
I’m sure someone will put that theory to bed.
UrsaPsi
That said, the stores are essentially warehouses. I imagine the overhead for each store is pretty low
Delathi
And every store sells a unique brand/style. That 'find a cheaper price anywhere' deal is impossible because the branding is unique.
Noblert
Well Mattresses aren’t really optional
Vaanhalen
I work next to one. Its always empty. This must be true
AnonOmis1000
@op
MagicxFrog007x
They also own sleep experts, so in a shopping center next to m house there are 4 mattress firms technically and 2 more a half mile away
metalfoto
Wise words, man!! +1
abstraction21
Mattresses are just marked up like crazy. My fiancé used to work at a furniture store and we got a $4500 Tempurpedic for $800.
PhiIIipJFry
There's an intersection near my house where 3 of the 4 corners have competing 24 hour florists on them. They're not even trying.
notmuchthoughtoreffort
there's an "original mattress factory" across the street from where i work, on a busy strip. no one ever goes in. somehow still in business.
LudeJaw
There are literally four stores at the four corners of a major intersection here in Tucson.
julreebee
My husband’s best friend is a regional manager for this place...we are all vacationing in Mexico this summer. Should I be worried?
MOTHERFUCKINGLUCIFERMORNINGSTAR
Depends, was the store recently audited?
DarthWren
you want to talk money laundering?? have you ever seen a Blinds-to-go? that shit is straight mafia level.
ChefBoyArrDeezNutz
Freakonomics had an interesting episode on it. http://freakonomics.com/podcast/mattress-store-bubble/
Lifk
I will take a look later. Thx.
lilimwings
YES! FREAKONOMICS!
ProbablynotaBear
. Dude thank you
FanOfFanboys
@deleteded this is podcast I was referring to
RamenAndBooze
Thanks
sammyismycat
tl;dr?
brainstrain
Mattresses are astronomically marked up. Each store only needs to sell a few each month to be profitable.
sammyismycat
My man!!!! Thank you!!!!
RelevantForOnce
A block away from my apartment, there is a curtain store.
w8oglory31415
As an area manager with Mattress Firm, We’ve acquired 2000 of our competitor’s stores since 2011. Many of them were in the same trade area.
w8oglory31415
It’s cheaper to convert them and leave them open till the leases runs out. We sell anywhere from 10 to 50 mattresses a week.
orphiccharm
Dude do a post and put this stupid shit to rest
AccountCreatedToUpvoteDogs
10-50 per store, or per market area, a week?
w8oglory31415
Per store
CouchAndTable
I've never understood how mattress stores stay in business.
Spydercyde
Everyone sleep. Everyone.
Cheomesh
Them and nail salons. What the shit.
JuddDocherty
Nail salons and Chinese restraints are a different operation
RiverSpoilers
Restraints?
delightphil
Guys. Steinhoff owns them. Ya know, the company just busted for using holding companies to inflate figures?
ButteryButtsButterflyCups
Yall. three mattress firms on the same corner, and two more down the road! it's a joke in my town
joemoedee
Same. They have one before an on-ramp and immediately after. On the same side of the road.
Slapathabase
Why the fuck is "send nudes" a thing? Starting to get tired of Imgur solely because of that dumb trend.
boofhead60
wots wrong with nudies
Slapathabase
I just do not think that the trend is healthy for anyone, the sender, the receiver or me that see a 100 people asking for it everyday.
boofhead60
sorry if you do like my attempt a humuor ,but have my upvote cheers
PossiblyATank
What was the original text? I'm honestly curious
Sheepten
The original actually doesn't have Jesus saying anything in the panel. http://i0.kym-cdn.com/photos/images/original/001/211/682/2c3.jpg
PossiblyATank
Thanks
NiceGreenArrows
I dunno...you're meant to replace them every...8 years or something, considering their price and that they don't need much staff?
ButteryButtsButterflyCups
my mattress is 23 and it isn't getting replaced any time soon
AnnieBahde
They talked about this on some NPR show: the overhead, stock and staff is so minimal that it’s worth it.
Frakes
Plus finely made mattresses from India costing about 3.50
Updoodilydoo
That sounds like a pretty good deal, where do I si-OOOOH goddamn lockness monster trynta get my tree fiddy again!
pyrofoks
As long as you keep it clean, like with a mattress protector, you can keep it until it starts to break down and be uncomfortable.
iamthemachine
I think it's 12 years. 6 on each side before your skin dust has seeped completely into it. Ya know sweat and bacteria. Skin dust lol
Trustmeimadogtor
The ones they make now don't flip over. You're supposed to use them 8-10 years and then replace.
MapleLeafEagle
Good rule: Products almost ALWAYS last longer than what the manufacturer says they will. Humans used to sleep on dirt, now we suddenly 1/2
MapleLeafEagle
need a brand new mattress every 8 years? I don't buy it. 2/2
RelartOfGivia
I'm on year 10 and have anxiety thinking I have to go mattress shopping. Fuck that, too much commitment.
Snotty128
We used to also die at the ripe old age of 32, probably death by sore back from sleeping on the ground
NiceGreenArrows
Hah, nice pun at the end there.
TommyWa
I have slept on the same mattress for the past 14 years or so. I think it has at least another 8 in it.
TheDevilHerself
Sounds like something a money launderer would say
ChefMcnuggers
https://ih0.redbubble.net/image.413735953.6576/ap,550x550,16x12,1,transparent,t.u2.png
THRAWN18
You need a high cash flow operation to launder. Like say those coin machine operation businesses, put a quarter in and try to win a prize
THRAWN18
They only accept cash and you never know how much they actually make because it has no record...
CanPake
Sounds like something a money launderer would say
THRAWN18
Actually I work in auditing and one of our customers is that very business, and we have to take extra time to review their books
WontSomeonePleaseThinkOfTheChildren
Crazy low overhead, huge profit margin. That’s why.
LithiumGrease
low overhead always surprises me furniture stores near me are GIGANTIC and almost always empty
GravyEducation
Yeah I walk past a mattress store daily. Empty, one employee at all times.
WontSomeonePleaseThinkOfTheChildren
But in Chicago they are always in shitty strip malls where rent is cheap.
KiefKommando
Exactly, I believe they only need to sell like 1-2 mattresses a week sometimes to stay profitable.
WontSomeonePleaseThinkOfTheChildren
Yeah. I think Chicago Tribune explained it recently as they are everywhere in Chicago.
GravyEducation
Explain. And then also explain how to get the cheapest one because I need a new mattress
WontSomeonePleaseThinkOfTheChildren
http://www.chicagotribune.com/business/ct-chicago-mattress-stores-0717-biz-20160715-story.html
GravyEducation
That's actually fascinating
WontSomeonePleaseThinkOfTheChildren
Do not be cheap when it comes to a mattress. Read reviews and spend the money.
Deleteded
Considering that there are 2 or 3 within a mile of each other near me, I could see it.
Freakiestsumo
You have good eyesight then.
HiddenSanity
Also, they only need to sell a handful of mattresses a week to stay in business.
TheVapeCrusader
Didn't wanna ruin your 100 upvotes. I come back
LooseyGooseyBrett
Or, they're selling a $1500 mattress that costs $50 to make.
SquirtleSquad420
There's 17 under 10 miles from me.
lakethatsme
In my town you can stand outside of one while looking down at the other.
HelloToe
By where I work, there's two literally across the street from each other, with a third a block away.
smashpro1
I have two directly across the street from each other.
FanOfFanboys
Really good podcast on this topic and economist they interviewed said their isn't enough stores
BeetsBearsBattlestarGallactica
Source please. Really want to know more.
FanOfFanboys
http://freakonomics.com/podcast/mattress-store-bubble/ I listened to when first came out but it's a good one
MyDarlingFeet
Thanks! Looking forward to this one.
RedClaws23
I can explain that! It's the nexus between Locational Interdependence Theory, effective market research, and corporate mergers. In short:
RedClaws23
I hope that clarifies the issue
theyar
All of this could apply to any retail chain though.
RedClaws23
I gave examples from other industries, but it's about regulatory oversight. If tomorrow Walgreens bought out CVS, this wouldn't be allowed
RedClaws23
to go on very long with two Walgreens on every corner
theyar
The real reasons are 1) very high margin product 2) stores relabel mattresses to make it hard for shoppers to compare prices, 3) like 1/2
theyar
you said, Mattress Firm bought out a lot of completion but hasn't had the time to consolidate inventory and such yet. 2/2
RedClaws23
As for mergers, Mattress Firm is notorious for choking out and buying out local scale or small chain competition. In doing so, they gain the
RedClaws23
inventory of the place and it's more efficient to keep 2 or 3 Mattress Firms open even if they're across the street from each other, at leas
RedClaws23
t until enough mattresses are sold to consolidate the rest into a single store.
BeetsBearsBattlestarGallactica
I want to know more!!
RedClaws23
Market research determines the best place for a large chain to expand, optimizing the distribution of travel times and proximity to existing
RedClaws23
routes. Using this method, Mattress Firm or other chains pick the ideal place to put a new branch. Ex: this is why gas stations are always a
RedClaws23
round when you're getting low on gas unless you live in the boonies.
RedClaws23
L.I.T. then states that, mathematically, the best place for a competing business to open a branch is as close as physically possible to the
RedClaws23
opposing branch. I've confirmed the math myself. So other mattress places open near the first one. Ex: gas stations and pharmacies too. It a
RedClaws23
pplies for any business in which you provide a good or service that is needed on a repeated basis by the entire population.
sonofthebat
Not saying you work for mattress firm but since you did such a good job easing my suspicions I should probably still be suspicious!!!
iAmLordBeer
Why are there so many mattress firm posts today? Did Mattress Factory hire Cambridge Analytica or something?
marcofossil
Yes, your bed wetting was used in Trump's campaign to piss Hillary off.
BlinkyDorf
Username checks out for that asinine comment.
lucivjov
Lol what?
marcofossil
I dunno, I thought it was quite funny random sentence. Then again I'm really drunk.
ruferto
i'll allow it
DetectiveSloth
There was a Reddit post a little while ago about it. Basically each store can sell 1 mattress per week to break even, with 2 employees.
SmellOfMonkey
Maybe they are registered as a church?
RamenAndBooze
Could you link to that post, please?
UnevenElephant
Ok thanks
DetectiveSloth
https://www.reddit.com/r/AskReddit/comments/7s36ub/what_conspiracy_theory_do_you_100_buy_into_and_why/dt215gv/
kaelvoker
.
DetectiveSloth
https://www.reddit.com/r/AskReddit/comments/7s36ub/what_conspiracy_theory_do_you_100_buy_into_and_why/dt215gv/
RotundYoshi
.
DetectiveSloth
https://www.reddit.com/r/AskReddit/comments/7s36ub/what_conspiracy_theory_do_you_100_buy_into_and_why/dt215gv/