HOUSTON (CBSNewYork/AP) — Talk about one of your all-time backfires.
Seattle’s victory in the Super Bowl has cost Houston furniture store mogul Jim 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.
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.
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