A Houston furniture store owner has lost $US7 million in a Super Bowl bet with customers.
Jim “Mattress Mack” McIngvale promised that if the Seattle Seahawks won, he would provide full refunds to customers who purchased more than $US6,000 in furniture during the two weeks leading up to the game, ABC News reported.
After the Denver Broncos lost Sunday, McIngvale announced on the “Gallery Furniture” store’s website that he would honour his promise.
“The accountant is pulling his hair out this morning, but the customers are happy and that’s what’s most important,” McIngvale told ABC News.
McIngvale said he did not take out any insurance to cover the bet.
“In the long term, we made a lot of happy customers,” he told the Houston Chronicle. “That’s what it’s all about: building customers for life.”
More than 1,000 customers took advantage of the promotion and will receive an average $US7,000 in refunds during a celebratory party at the store on Feb. 17.
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