E.S. Kluft taps 4 sales execs for new roles

E.S. Kluft taps 4 sales execs for new roles

High-end mattress producer E.S. Kluft & Co., headquartered in Rancho Cucamonga, California, and part of The Flex Group in Madrid, has promoted four sales executives. Dominick Azevedo was named to the new position executive vice president of sales. Previously, he was in charge of national accounts. In his new post, Azevedo is responsible for all […]

Successful Spring Air line, partnership supports pediatric cancer research

Boston-based mattress licensing group Spring Air says its three-bed Love Your Melon Back Supporter collection, introduced at the Summer Las Vegas Market, has had strong sales, with placements at more than 95 storefronts and 75 retailers. Six Spring Air licensees are manufacturing the collection. In creating the new bedding group, Spring Air partnered with Love […]

Tempur Sealy raises guidance at close of 2nd quarter

Tempur Sealy raises guidance at close of 2nd quarter

Manufacturing major Tempur Sealy International Inc. reported net sales of $659.3 million in the second quarter, an 18% decrease compared with the second fiscal quarter of 2016. On a constant-currency basis, the Lexington, Kentucky-based company’s total net sales decreased 17.2%. Gross margin was 40.7%, compared with 41.9% in the prior-year quarter. Net income under U.S. […]

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 […]