‘Casper’ Mattress Company Replaces Stereo Exchange After 30 Years on Broadway
Stereo Exchange, the decades-old audiophile retailer, was forced from its longtime NoHo perch back in March. It had been at 627 Broadway since 1988, four years after the Wasserman family founded the business. (The store was originally called David’s Audio.)
The mom-and-pop first downsized to a smaller loft location in Cooper Square that was appointment only. Then last month, the Wassermans returned to the retail scene with a new showroom at 857 Broadway (3rd floor), just a few blocks north from its longtime headquarters.
“The store at 627 Broadway closed because of sky rocketing rents,” a company spokesperson recently told us. They were paying $700,000 per annum, but the purported increase would nearly double it.
What else can afford that kind of cash but a deep-pocketed brand like Casper. Indeed, the nationwide mattress-in-a-box company signed the lease on the 10,000 square-foot Broadway store. The space offers a permanent showroom for the online retailer, and arrives just shy of a year since the Casper wintertime pop-up in SoHo.