Culp sees flat earnings, plans to purchase China ticking producer

Ticking, upholstery and sewn cover supplier Culp Inc. reported relatively flat net income of $5 million in the first quarter of fiscal 2018, which ended July 30. Earnings per diluted share were $0.40, compared with $0.43 in the first quarter of fiscal 2017. Net sales were down slightly at $79.5 million, a 1.4% dip compared […]

Englander Sleep Products adds Australian licensee Beds N Dreams

Chicago-based mattress licensing group Englander Sleep Products has signed a licensing agreement with manufacturer and retailer Beds N Dreams headquartered in Sydney. The agreement allows Beds N Dreams to produce and distribute Englander’s entire line of coil and foam bedding collections in Australia. Kevin Toman, Englander president and chief executive officer, said in a news […]

Classic Brands, Bloomingdale’s team up for boxed beds

Classic Brands, Bloomingdale’s team up for boxed beds

Specialty bedding manufacturer Classic Brands, based in Jessup, Maryland, has partnered with New York-based Bloomingdale’s to create a private-label boxed-bed program called Bed in a Big Brown Box. The new initiative targets both brands’ goals to produce a high-style product and appeal to the millennial shopper, Classic Brands said in a news release. Each box […]

Storis’ Feeney Recognized as Finalist in WithIt Awards

Storis’ Feeney Recognized as Finalist in WithIt Awards

Marybeth Feeney, director of application development for Storis, a retail software provider based in Mount Arlington, New Jersey, recently was recognized as a finalist for WithIt WOW Award for Mentoring. She was honored on April 21 during a gala dinner event the evening before the opening of the Spring High Point Market in High Point, […]

Alvaro Jiron Rojas, Scion of Costa Rica’s Colchones Jiron, Dies

Alvaro Jiron Rojas, Scion of Costa Rica’s Colchones Jiron, Dies

Alvaro Jiron Rojas, president of family-owned Costa Rican manufacturing major Colchones Jiron, died Jan. 30 following a sudden illness. He was 80. Jiron Rojas spent his entire career in bedding, joining his father at the San Jose-based mattress maker founded by his grandparents while still in his early teens. He worked his way up, eventually […]

Leggett & Platt Reports Soft Fourth Quarter, Record Full-year EPS

Leggett & Platt Reports Soft Fourth Quarter, Record Full-year EPS

Carthage, Missouri-based industry supplier Leggett & Platt reports net income from operations for 2016 of $385.8 million, an 18.7% increase compared with 2015. Full-year sales were $3.75 billion, a 4% decline compared with the prior full-year results. Unit volume grew 2% and acquisitions contributed 1% to sales growth, but these were more than offset by […]

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 […]

Tempur Sealy Sales Dip, Profits Surge in Third Quarter

Tempur Sealy International Inc., with headquarters in Lexington, Kentucky, reported net sales of $832.4 million for the fiscal third quarter of 2016, a 5.4% decline compared with third-quarter 2015. On a constant-currency basis, total net sales decreased 4.6%, with a decrease of 5.8% in the North America business segment and an increase of 1.8% in […]