My Pillow is a Chaska, Minnesota-based pillow manufacturing company that has been famous worldwide. The pillow company has sold over 40 million pillows till now.
In recent days, lots of retailers have stopped ordering the company’s products. So, is My Pillow really going out of business?
Is My Pillow Going Out of Business 2022:
No, the My Pillow is not going out of business. But there are many companies including Walmart have stopped buying the products of the company. As a result, My Pillow company’s business almost droop down & roughly lost millions of dollars.
A few days ago, a representative of Walmart company revealed that My Pillow’s products will no longer be in stores. But, those products would be available online.
Mike Lindell, My Pillow’s founder, and CEO confirmed that Walmart has pulled his products from their stores. They decided to cancel the order of these products.
Besides, some other companies have also decided to pull My Pillow’s products and try to make a distance from Mike Lindell.
The CEO has also proposed to Walmart’s representative to lower his product price. But his proposal was rejected. Lindell said Walmart will never get to sell its products again due to breaking a business deal. It means My Pillow will sell its products in the future.
Though these big companies had decided to cancel all deals, several unknown companies are still buying products from My pillow for their business purposes. Amazon is one of them that still sells these products online.
So, we can say that My Pillow company is still in business.
Also Read: Is Micro Center Going Out of Business
Walmart pulls MyPillow products from stores https://t.co/RVVe0IA8vG
— WGN TV News (@WGNNews) June 16, 2022
Why Are Stores Not Selling My Pillow’s Products?
There are lots of companies that have confirmed they will not sell any kind of products of My Pillow. Because the founder has claimed voting fraud. He pushed many false narratives.
Lindell’s baseless allegations are the main reason behind his business dropping. Newsweek reported that he is an ardent supporter of the American former President Donald Trump and says Trump did not lose the election.
Newsweek has described it as a false claim. My Pillow’s CEO continued the false narrative after bringing about the bad incident that had a deadly assault on the USA Capitol.
Very soon the retailers stopped carrying My Pillow’s products anymore. On the other hand, Walmart announced that they are going to remove all products from their offline store.
Not only these issues but also people are not satisfied after purchasing their products now. According to regular retailers, My Pillow is failed to meet customer satisfaction.
According to Walmart’s website, customers rated 3.3 stars on the classic bed pillow. It lost popularity among regular customers of Walmart. As a result, retailers are not interested to sell My Pillow’s products at their stores.
Also, there was a claim that My pillow slippers are not made in the USA. But the company claims it was made in the USA.
My Pillow CEO says Costco has dropped his products https://t.co/wzRTI7bHQz
— WKRN News 2 (@WKRN) April 14, 2021
Did Costco Cancel My Pillow?
Yes, Costco has already canceled My Pillow’s product. The products will no longer be available at Costco’s shop. Retailers have rejected My Pillow’s product to buy.
For a couple of years, My Pillow and Costco were in a deal. My Pillow’s products were one of the highest-selling products of Costco. But due to some reason, they decided to remove all products of this company.
My Pillow’s founder has been claimed of voting fraud in the recent American election. That is why Costco has stopped carrying My Pillow’s products. We guess they are looking for another big-deal company.
Who is The Owner of My Pillow Now?
An American reputed businessman named Michael James Lindell is the founder and owner of My Pillow. He is best known as My Pillow Guy and a prominent supporter of the U.S. former president Donald Trump.
My Pillow company was founded in 2009 in Chaska, Minnesota. The company became one of the famous companies that have a vast net worth and the highest product selling milestone within a couple of years.
My Pillow company has an estimated net worth of $170 million and Mike Lindel (CEO) has around $300 million. He has earned more than $30 million annually from his business.
How Many Employees Does My Pillow Have?
Currently, My Pillow has at least 1500 employees. At the time of its founding, the company had only five employees. My Pillow’s popularity has grown at a rapid rate. Besides, the company impressively has grown from less than 50 employees to over 1500 till now.
Source:
- https://www.newsweek.com/mypillow-products-no-longer-stocked-these-companies-1562510 – Newsweek’s report about My Pillow.
- https://beddingask.com/my-pillow-going-out-of-business/ – My Pillow Going Out of Business.
