CEO Steven Temares advised buyers throughout an incomes name earlier this week that Mattress Tub & Past began experimenting with 21 “next-generation lab shops” final 12 months, and so they’ve fared higher than different areas.
The lab shops have “a better emphasis on house decor, meals and beverage, and well being and sweetness care,” Temares stated, and totally different layouts that intention to offer buyers higher views of the merchandise.
It plans to carry what it learns at these shops to areas throughout the nation.
Final month, three activist funds stated they’ve constructed a roughly 5% stake in Mattress Tub & Past. They stated they’d try and overhaul the corporate’s administration staff.
On Wednesday, Mattress Tub & Past stated it could nominate a brand new lead director to its board and revamp its company governance construction. It plans to announce further modifications to the board sooner or later.
The group desires Mattress Tub & Past to trim its product choice and beef up the in-store expertise to drive site visitors again to shops. They’re additionally pressuring the corporate to enhance margins by promoting extra of its personal merchandise.