Mattress World closing seven stores in Portland, Ore., area
Clint Engel -- Furniture Today, January 9, 2012
PORTLAND, Ore. — Mattress World is closing all seven of its company-owned area stores after it was hit with a Washington state warrant for about $1.7 million in delinquent sales taxes, according to a story in the Vancouver, Wash., Columbian.
In a letter posted on the Portland-based retailer's website, Mattress World's Sherri Hiner said the company grew quickly but wasn't prepared for a downturn, "and when the recession hit, it negatively impacted our business."
She said the company made adjustments over the past two years, but the bill from Washington state Department of Revenue, which it considers an "excessive and unfair tax assessment ... created an unrecoverable financial blow, which has been reflected in our customer service and has done great harm to the reputation Mattress World worked hard to build."
The warrant apparently seeks sales taxes for goods Mattress World sold to residents of neighboring Washington, even though the chain has no stores in the state.
Hiner's letter said Mattress World's Canby Ore., and downtown Portland stores are independently owned and will remain open.
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