Mattresses

Tempur-Pedic Cleared by FTC to Acquire Sealy

Tempur-Pedic Cleared by FTC to Acquire Sealy

LEXINGTON, Ky.-The Federal Trade Commission has cleared Tempur-Pedic’s planned acquisition of Sealy. A Tempur-Pedic statement said the company plans to close the acquisition on March 18, “subject to customary closing conditions.” As previously announced, the deal calls for Tempur-Pedic to acquire all of Sealy’s outstanding common stock for $2.20 per share, along with all ofMore »

High Point Twitter Chat Set for March 20

High Point Twitter Chat Set for March 20

HIGH POINT, N.C.–The High Point Market (@hpmarketnews) and the collaborative online community Decor Mentor (@decormentor) are co-hosting a Twitter Chat at 6 p.m. on Wednesday, March 20, which will preview new products for the upcoming spring show, April 20-25. High Point Market exhibitors are invited to submit photos of their new April introductions to editorial@highpointmarket.orgMore »

Call for New-Product Information for High Point Market; Deadline March 8

Call for New-Product Information for High Point Market; Deadline March 8

NEW YORK–HFN is preparing its coverage of High Point Market in April. Exhibitors at the show are invited to submit information and high-resolution images of products that they plan to highlight at the show, scheduled for Apr. 20-25, 2013. Furniture manufacturers should submit information to Duke Ratliff, dratliff@hfnmag.com. Materials for new lighting and floor coveringMore »

Select Comfort’s Sales Fall Short

MINNEAPOLIS-Select Comfort will likely miss its internal goals for its fiscal first quarter after a below-plan February sales performance, according to a preliminary statement from the mattress manufacturer/retailer. Shelly Ibach, Select Comfort’s president and CEO, said the shortfall is “a short-term issue associated with accelerated changes made to our media-buying strategy, and we are makingMore »

Yaggi Named COO of Tempur-Pedic

Yaggi Named COO of Tempur-Pedic

LEXINGTON, Ky.-Tempur-Pedic has appointed W. Timothy Yaggi chief operating officer, a new position for the mattress manufacturer. In his new role, Yaggi oversees the company’s operations. In a statement, Tempur-Pedic said his appointment underscores its commitment to its strategic growth plan and to the evolution of its business, brands and product lines. He reports directlyMore »

Las Vegas Market Opens Today

Las Vegas Market Opens Today

LAS VEGAS–The winter version of the Las Vegas Market opens today, featuring a new Gift+Home section with new and expanded showrooms, more high-end home decor suppliers and a completely updated categorization of temporary exhibits into 10 distinct, themed product sections. More than 70 exhibitors in furniture, home décor and gift will be hosting special ribbonMore »

Sealy Narrows Q4 Loss as Sales Jump

Sealy Narrows Q4 Loss as Sales Jump

TRINITY, N.C.-A 33 percent sales gain helped Sealy to slim down its fourth-quarter loss to $2.8 million from $15.2 million in the fourth quarter of last year. Net sales totaled $358.1 million in the quarter, which ended on Dec. 2, bolstered by a pickup of 13.3 percent in wholesale unit volume coupled with an increaseMore »

Tempur-Pedic’s Clift to Retire as EVP of Global Operations

Tempur-Pedic’s Clift to Retire as EVP of Global Operations

LEXINGTON, Ky.-Matthew Clift, Tempur-Pedic’s executive vice president of global operations, has announced that he will retire from the specialty mattress manufacturer. Tempur-Pedic said in a statement that a search has begun for Clift’s successor, and that Clift will continue in his post until the transition to his successor is completed. He joined the company inMore »