Mattresses

Sealy Offers Black Friday Promotion for Optimum Line

Sealy Offers Black Friday Promotion for Optimum Line

TRINITY, N.C.-Sealy is holding a promotion centering on this year’s Black Friday, Nov. 23, to help boost sales for its Optimum line of mattresses. Beginning yesterday and extending through Nov. 26, the company will offer a free boxspring to shoppers who purchase an Optimum mattress. The promotion is a continuation of Sealy’s 2012 advertising andMore »

Tempur-Pedic Posts 3Q Net Loss as Sales Drop, Expenses Climb

Tempur-Pedic Posts 3Q Net Loss as Sales Drop, Expenses Climb

LEXINGTON, Ky.-In the first sign the company has seen of red ink in some time, Tempur-Pedic posted a net loss of $2 million in the third quarter, which ended on Sept. 30. The specialty mattress manufacturer’s quarterly performance suffered from a fall of 9.2 percent in net sales to $347.9 million. The sales decline mostlyMore »

Sleep Train Expands with Purchase of Sleep City Locations

Sleep Train Expands with Purchase of Sleep City Locations

SACRAMENTO, Calif.-Sleep Train—parent company of the Mattress Discounters, Sleep Country USA and Sleep Train Mattress Centers specialty chains—has acquired eight Sleep City stores, expanding its presence in eastern Washington State and western Idaho. The eight stores increase the total store count under Sleep Train’s corporate umbrella to 273. Six of the new stores will becomeMore »

Sleep Innovations to be Acquired by Sun Capital Partners

Sleep Innovations to be Acquired by Sun Capital Partners

WEST LONG BRANCH, N.J.-Sleep Innovations has reached an agreement to be purchased by Sun Capital Partners. Terms were not disclosed, nor was a date given for the closing of the deal in a joint statement issued this morning by Sleep Innovations and Sun Capital. Michael Thompson, Sleep Innovations’ president and CEO, said, “Given its wideMore »

3Q Profit Jumps 52 Percent for Select Comfort; Sales Set Record

Select Comfort

MINNEAPOLIS-Fueled by record sales, third-quarter net income for Select Comfort climbed 52.1 percent to $26.2 million. Net sales for the quarter, which ended on Sept. 29, rose 23.7 percent to $246.8 million, a new record for the third quarter, and including a same-store sales gain of 21 percent for Select Comfort’s own stores. Shelly Ibach,More »

Mattress Firm Tabs Fortunato for Board of Directors

Mattress Firm Tabs Fortunato for Board of Directors

HOUSTON-Joseph Fortunato, chairman, president and CEO of General Nutrition Centers, has been elected to the Mattress Firm board of directors. Fortunato joined GNC in 1990, and was appointed to his current posts with the company in 2005. Steve Stagner, Mattress Firm’s president and CEO, cited Fortunato’s “deep experience in the retail industry, particularly as itMore »

DwellStudio’s Lemieux Named Powerful Entrepreneur by Fortune

Christiane Lemieux

Christine Lemieux, founder and creative director of DwellStudio, has made Fortune magazine’s 2012 list of most powerful women entrepreneurs. Lemieux is the only honoree from the home furnishings category. Fortune recognizes 10 female entrepreneurs each year “who are outstanding game changers, groundbreakers and innovators,” according to a DwellStudio statement. Lemieux founded DwellStudio in 2000 asMore »

Shareholder Protests Tempur-Pedic-Sealy Deal

Shareholder Protests Tempur-Pedic-Sealy Deal

NEW YORK-H Partners Management has sent a letter criticizing the proposed acquisition by Tempur-Pedic of Sealy to the Sealy board of directors. The letter was also filed with the U.S. Securities and Exchange Commission. H Partners is Sealy’s second largest shareholder, owning 16.6 percent of the outstanding shares. In the letter, dated Sept. 27, HMore »