Current:Home > MyMyPillow is auctioning equipment after a sales slump. Mike Lindell blames "cancel culture."-Angel Dreamer Wealth Society D1 Reviews & Insights
MyPillow is auctioning equipment after a sales slump. Mike Lindell blames "cancel culture."
View Date:2024-12-24 09:15:07
MyPillow, the pillow and bedding company started by CEO Mike Lindell, is auctioning off more than 700 pieces of company equipment, ranging from forklifts to office desks and cubicles.
Lindell, a vocal supporter of former President Donald Trump, told the Minneapolis Star Tribune that the auction comes after MyPillow lost $100 million in revenue due to big retailers halting sales of the company's products. He blamed the move by customers to pull back on "cancel culture."
In an interview with CBS Minneapolis, Lindell said the auction reflects a change from big box and mall store sales to a direct-to-consumer approach. He said MyPillow had to work quickly after stores like Walmart and Bed Bath & Beyond "canceled" his product and that the company has a large amount of inventory to deal with.
"It was a massive, massive cancellation," Lindell told the Star Tribune. "We lost $100 million from attacks by the box stores, the shopping networks, the shopping channels, all of them did cancel culture on us."
Walmart's online site doesn't show listings for MyPillow products, and the retailing giant last year said it had stopped selling the items in its brick-and-mortar locations.
Other retailers had also suspended sales of MyPillow products, with Lindell in 2021 noting that Bed Bath & Beyond, Kohl's, H-E-B and Wayfair had dropped his products.
Lindell said the company is now consolidating its operations. He didn't respond to a request for comment from CBS MoneyWatch, but told CBS Minneapolis that Menards, Fleet Farm and some other big-box stores still carry his company's pillows.
That followed the January 6, 2021, attack on the U.S. Capitol, when Trump supporters violently broke into the Capitol Building. Many of the rioters championed conspiracy theories that the presidential election was stolen, although none of those claims hold up under scrutiny.
But Lindell has continued to peddle such election theories, telling CBS MoneyWatch earlier this year that President Joe Biden "didn't win the election, that's a fact."
On the hook for $5 million
Those debunked theories have caused problems for Lindell in other ways. He had offered to pay $5 million to anyone who could prove a store of computer data he had acquired wasn't, in fact, 2020 election data. But after a computer expert quickly proved the data was bogus, Lindell refused to pay, leading to an arbitration panel ordering him to pay up the $5 million.
Lindell also faces a $1.3 billion lawsuit filed by Dominion Voting Systems, which alleges that the MyPillow chief falsely accused the company of rigging the 2020 presidential election.
In the meantime, those in need of cheap office equipment can peruse the auction site, with the Shakopee, Minnesota-based auctioneer slated to start closing the bidding on July 18. Some of the items include several L-shaped desks, with current bids set at $5, as well as bulletin boards, stacking chairs, office chairs as well as heavy-duty equipment such as pallet wrappers and industrial sewing machines.
- In:
- Mike Lindell
veryGood! (969)
Related
- Where is 'College GameDay' for Week 12? Location, what to know for ESPN show
- Best apples to eat? Ranking healthiest types from green to red and everything in between
- Denmark's King Frederik X begins reign after Queen Margrethe abdicates, ending historic 52-year tenure
- Brazilian police are investigating the death of a Manhattan art dealer as a homicide
- How Leonardo DiCaprio Celebrated His 50th Birthday
- On tap in 2024: More Modelo, tequila, canned cocktails, whiskey and non-boozy beverages
- Inside Critics Choice: Emma Stone's heart-to-heart, Bradley Cooper sings happy birthday
- Proof It’s All Love Between Ariana DeBose and Bella Ramsey After Critics Choice Awards Jab
- John Krasinski Reveals Wife Emily Blunt's Hilarious Response to His Sexiest Man Alive Title
- Katherine Heigl Is Radiant in Red During Rare Appearance at the 2023 Emmys
Ranking
- Jared Goff stats: Lions QB throws career-high 5 INTs in SNF win over Texans
- 'I'm not safe here': Schools ignore federal rules on restraint and seclusion
- What's wrong with Eagles? Explaining late-season tailspin by defending NFC champions
- Apple to remove pulse oximeter from watches to avoid sales ban
- As Northeast wildfires keep igniting, is there a drought-buster in sight?
- 2024 Miss America crown goes to active-duty U.S. Air Force officer
- Airlines scrap thousands of flights as wintry weather disrupts travel
- LeAnn Rimes Shares She Had Surgery to Remove Precancerous Cells
Recommendation
-
Jessica Simpson's Husband Eric Johnson Steps Out Ringless Amid Split Speculation
-
New doctrine in Russia ally Belarus for the first time provides for using nuclear weapons
-
Emmys 2023: Matthew Perry Honored With Special Tribute During In Memoriam Segment
-
Ahead of the Iowa caucuses, Republican candidates tap voters' economic frustrations
-
Roy Haynes, Grammy-winning jazz drummer, dies at 99: Reports
-
Sen. Bob Menendez and wife seek separate trials on bribery charges
-
Kourtney Kardashian and Travis Barker Make Surprise PDA-Packed Appearance at the 2023 Emmys
-
Cowboys' latest playoff disaster is franchise's worst loss yet in long line of failures