Jennifer Convertibles, Inc. is an owner and licensor of a group of sofabed specialty retail stores and leather specialty retail stores in the United States, with stores located throughout the Eastern seaboard, in the Midwest, on the West Coast and in the Southwest. As of August 30, 2008, its stores included 157 Jennifer Convertibles stores and 14 Jennifer Leather stores. Of these 171 stores, the Company owned 149 and licensed 22, including 21 owned and operated by a related private company, the related company, and one owned by a third party operated by the related company. Its operations are classified into two operating segments: Jennifer and Ashley. The Jennifer segment owns and licenses the sofabed specialty retail stores. The Ashley segment is a big box, full-line home furniture retail store.