Seattle Super Bowl Win Costs Houston Store Owner $7 Million

HOUSTON (CBS HOUSTON/AP) — Seattle’s victory in the Super Bowl has cost Houston furniture store mogul Jim “Matress Mac” McIngvale some $7 million.

McIngvale is the owner of one of the nation’s largest independent furniture stores, Gallery Furniture. He promised customers who spent at least $6,000 in the past two weeks and took delivery before Sunday’s game that he’d refund their purchase cost if Seattle won.

The Seahawks routed Denver 43-8.

McIngvale said Monday his accountant is “pulling his hair out.” He says he didn’t do well financially, but did build is brand. He says the promotion was not covered by insurance.

The furniture store owner also lost an estimated $600,000 during the NFC & AFC Championship weekend when he told costumers who purchased at least $5,000 in furniture and picked the winners in each game that they would be refunded all of their money.

(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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