News

Seattle win costs Houston furniture man $7 million

Seattle win costs Houston furniture man $7 million

Seattle Seahawks fans celebrate after the NFL Super Bowl XLVIII football game against the Denver Broncos Sunday, Feb. 2, 2014, in East Rutherford, N.J. The Seahawks won 43-8. Photo: Associated Press, KPUG/AP Photo/Matt York

HOUSTON (AP) — 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.

The Seahawks routed Denver 43-8.

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.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Recent Headlines

in Entertainment

Today in entertainment history: Aug. 28

shaniatwain

A look at Hollywood's most memorable headlines.

in Music

WATCH: Miley Cyrus undercover

14-overlay12

Disguised as an Australian reporter, the "Wrecking Ball" hitmaker hits the street to ask people what they think of her.

in Music

Paul McCartney drawings among Beatles auction

mccartney

The sketches, which are expected to fetch more than $16,000, feature line portraits of three figures who look like members of the band, and were found in an attic by the seller.

in Entertainment

WATCH: 60 years of ‘Guinness World Records’

12-overlay14

That's a lot of years of documenting unique records.

in Music

MTV VMAs: Tears, chaos, and music history

23-overlay17

The Executive Producer of the MTV Video Music Awards looks back at the craziest and the most unpredictable moments in the ceremony's history.