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Sleep Train plans 20 or more stores in Portland, Ore., area

PORTLAND, Ore. — Top 100 company Sleep Train is ramping up its expansion into this market, having opened five area stores with plans for 15 to 18 more over the next one to two years, according to a report by the Sacramento Business Journal.

The company is opening the stores under the Mattress Discounters banner and in some cases, is taking spaces vacated by Mattress World, which abruptly shut down its seven company-owned stores in greater Portland earlier this month.

Mattress World owner Sherri Hiner has since told The Oregonian newspaper that she is helping a friend launch a new company, Mattress World Northwest, with at least one store opening in a former Mattress World location in Beaverton, Ore.

Sleep Train Founder and President Dale Carlsen told the Business Journal that the company just finished a record year with sales up to about $370 million in 2011. That would be an 18% increase from 2010 sales figure of $313.4 million estimated by Furniture/Today for the Citrus Heights, Calif.-based company in the Top 100 report last year.

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