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'Mattress Mack' to pay $7m in Super Bowl bet pledge | |
(about 5 hours later) | |
A US furniture store owner is set to lose $7m (£4.2m) after promising a full refund to customers if the Seahawks beat Broncos in Sunday's Super Bowl. | A US furniture store owner is set to lose $7m (£4.2m) after promising a full refund to customers if the Seahawks beat Broncos in Sunday's Super Bowl. |
The Seahawks duly won the game 43 to 8, which means about 1,000 customers will now get their orders for free. | The Seahawks duly won the game 43 to 8, which means about 1,000 customers will now get their orders for free. |
Nicknamed "Mattress Mack", Jim McIngvale is well-known for his attention-grabbing ploys. | Nicknamed "Mattress Mack", Jim McIngvale is well-known for his attention-grabbing ploys. |
Though substantial, the loss amounts to only 6% of Mr McIngvale's annual income. He says it is good marketing. | Though substantial, the loss amounts to only 6% of Mr McIngvale's annual income. He says it is good marketing. |
McIngvale ran the Super Bowl promotion for 10 days at his two Gallery Furniture stores. | McIngvale ran the Super Bowl promotion for 10 days at his two Gallery Furniture stores. |
To win, customers had to purchase at least $6,000-worth of furniture and have it delivered before kickoff on Sunday. | To win, customers had to purchase at least $6,000-worth of furniture and have it delivered before kickoff on Sunday. |
The average customer who was eligible for the refund deal bought around $7,000 worth of furniture. | The average customer who was eligible for the refund deal bought around $7,000 worth of furniture. |
McIngvale is philosophical about the loss and says his business is getting priceless media coverage. | McIngvale is philosophical about the loss and says his business is getting priceless media coverage. |
"It's a big hit, but it's a marketing expense. But more importantly, it's a brand-builder," McIngvale said in a phone interview. | "It's a big hit, but it's a marketing expense. But more importantly, it's a brand-builder," McIngvale said in a phone interview. |
It is not the first time "Mattress Mack" has pulled this kind of stunt. | It is not the first time "Mattress Mack" has pulled this kind of stunt. |
Earlier this year, he refunded almost $700,000 to customers who bet correctly on the Super Bowl playoff victors. | Earlier this year, he refunded almost $700,000 to customers who bet correctly on the Super Bowl playoff victors. |
In December, he was honoured by President George H W Bush for his anti-drugs campaigning, and he regularly gives talks to young people in Houston about his experience with addiction. | In December, he was honoured by President George H W Bush for his anti-drugs campaigning, and he regularly gives talks to young people in Houston about his experience with addiction. |
The Super Bowl was the most-watched television event in US history, the Fox TV network has said. | The Super Bowl was the most-watched television event in US history, the Fox TV network has said. |
The event drew 111.5m viewers on Sunday night, it said. | The event drew 111.5m viewers on Sunday night, it said. |
The half-time show also set a record with 115.3 million viewers watching Bruno Mars and the Red Hot Chili Peppers perform live. | The half-time show also set a record with 115.3 million viewers watching Bruno Mars and the Red Hot Chili Peppers perform live. |
Those figures beat the 110.8 million delivered by Beyonce last year and the prior record of 114.0 million set by Madonna two years ago. | Those figures beat the 110.8 million delivered by Beyonce last year and the prior record of 114.0 million set by Madonna two years ago. |