Tempur Sealy Earnings Dip in First Quarter, But Business Update is Bullish

In its first quarterly report since ending its business relationship with retailer Mattress Firm in January, mattress major Tempur Sealy International Inc.’s net income, under U.S. generally accepted accounting principles, decreased 14.4% to $33.9 million. Adjusted net income increased 23.4% to $52.2 million. Earnings before interest, tax, depreciation and amortization in the first quarter were […]

How to Prepare for the Upcoming Manufacturing Renaissance

How to Prepare for the Upcoming Manufacturing Renaissance

Follow these tips to attract and retain your next-generation labor force BY BARBARA T. NELLES In these post-recessionary times, with many hoping to see a U.S. manufacturing rebirth, the moment is right to retool recruitment and retention practices for your factory floor. How do you attract mechanically inclined millennials to your machine maintenance crew? What is […]

Ventex Adds Rick Conely to New Sales Manager Position

Ventex Inc. has named Rick Conely national sales manager, a newly created position for the Ashburn, Virginia-based supplier of fire barriers for mattresses and upholstered furniture. In his position, Conely is responsible for Ventex sales in the United States and internationally. He reports to the company’s president, Harrison Murphy. Most recently, Conely was regional sales […]

4th-Quarter Mattress Sales Down, Revenues Up

4th-Quarter Mattress Sales Down, Revenues Up

U.S. mattress sales dipped in the fourth quarter of 2016, compared with the same three-month period in 2015, according to Bedding Market Quarterly, a sales trend report published by the International Sleep Products Association. Mattress sales and foundations decreased by 2.5%, yet wholesale revenues increased by 4.3%, compared with the same quarter last year. The […]

Tempur Sealy Beats Analysts’ Expectations in 4th Quarter

Mattress major Tempur Sealy International Inc. reported net income for full-year 2016 was $202.1 million, a 175% increase compared with 2015. Using generally accepted accounting principles, total net sales decreased slightly, by 0.8%, to $3.1 billion. On a constant currency basis, total net sales increased 0.7%, with growth in both the North American and international […]

Protect-A-Bed Helps Retailers Sell Add-ons with “Grow the Retail Basket” Campaign

Protect-A-Bed Helps Retailers Sell Add-ons with “Grow the Retail Basket” Campaign

Protect-A-Bed, a Chicago-based supplier of mattresses, protection products and sleep accessories, has launched “Grow the Retail Basket,” a campaign to help its retail partners enhance their add-on accessories sales. The Grow the Retail Basket program focuses on offering retailers assistance with store displays, marketing and training. “We recognize that the accessory business represents untapped potential […]

Culp Inc. Sees Income Rise, Sales Decline in Fiscal 2017 Second Quarter

Culp Inc. Sees Income Rise, Sales Decline in Fiscal 2017 Second Quarter

In its fiscal 2017 second quarter, textile and sewn-cover supplier Culp Inc. reported net income (using generally accepted accounting principles) of $4.5 million, an 18% increase compared with the same quarter of fiscal 2016. Earnings per diluted share were $0.36, compared with $0.30 in the prior-year quarter. The High Point, North Carolina-based company reported non-GAAP […]

Mattress Firm Reports Second-quarter Loss

Houston-based sleep shop chain Mattress Firm reported a net loss of $2.2 million in its second quarter of 2016, which ended Aug. 2. The income dip compares with net income of $35.5 million in the prior-year quarter. Net sales in the second quarter rose 48.2% to $980 million due to incremental sales from acquired and […]

Select Comfort Reports Slight Sales Increase in Second Quarter

Select Comfort Reports Slight Sales Increase in Second Quarter

Select Comfort Corp., manufacturer and retailer of the Sleep Number bed, reported net sales of $277 million in its fiscal second quarter, a 1% increase compared with the second quarter of 2015. Earnings per share were $0.03, compared with $0.21 in the prior-year quarter. Earnings plunged 87% to $1.4 million for the quarter. Sales and […]

E.S. Kluft Expands Sales Team by Three

E.S. Kluft Expands Sales Team by Three

Mattress maker E.S. Kluft & Co., which is owned by Spain’s Flex Group, has added Tim Bullin, Richard Harrison and Denise Mettner to its sales team. Bullin covers a Southern California sales territory for the Rancho Cucamonga, California-based company’s Aireloom brand. He reports to Howard Galant, Western regional vice president. Before joining Kluft, Bullin was […]