TRINITY, N.C.–Sealy has launched a social-media campaign for its Embody collection of memory-foam and latex mattresses. The campaign has begun with a Facebook page, facebook.com/embodybysealy, and a Twitter feed, twitter.com/embodybysealy, both of which are intended to draw consumers to talk about the new line. A Sealy statement said it will enable the new collection to … More »
MINNEAPOLIS–Select Comfort reported second-quarter net income of $6.2 million, rebounding from a $4 million loss in the second quarter of one year ago. According to a company statement, the turnaround came about due to the progress the manufacturer/retailer has made in both boosting total and same-stores sales, and in controlling costs and increasing productivity. Total … More »
LEXINGTON, Ky.–Net income for Tempur-Pedic reached $33.5 million in the second quarter, almost twice as much as in the second quarter of 2009. The company accomplished this on a whopping net-sales increase of 42 percent to $263 million, along with a gain in gross margin of 210 basis points to 48.7 percent. In a conference … More »
ATLANTA–Simmons has put Gary Fazio, previously chairman of Mattress Firm, in charge as its chief executive officer. Fazio officially begins his new post today. He is succeeding Steve Fendrich, president and chief operating officer, who is leaving Simmons. The hiring of Fazio is the first major move by Ares Capital Management and the Ontario Teachers’ … More »
FRIANT, Calif.—Latexco US, the North American division of Latexco of Belgium, has joined the Green Initiative of the Specialty Sleep Association. The initiative is focused on providing definitions and standards for mattresses, retailers and consumers of environmentally friendly sleep products. Latexco produces mattress toppers, mattress cores and pillow cores made of latex foam. In addition, … More »
NEW YORK-The deadline for sending in new product information and high-resolution images for possible inclusion in HFN’s coverage of the Las Vegas Market in August is Monday, July 12. To submit information on rugs, lighting, or accessories, contact Andrea Lillo, email@example.com; for mattresses, David Gill, firstname.lastname@example.org; and for furniture, Warren Shoulberg, email@example.com.
KÖPING, Sweden–Nick Braden has been named global president of high-end mattress manufacturer Hästens. Braden assumes responsibility over the search for strategic opportunities for the company on a global level. He also oversees the centralized functions supporting the company’s worldwide operations. Jan Ryde, the chief executive officer and fifth-generation owner of Hästens, had performed these functions … More »
ALEXANDRIA, Va.–U.S. sales of mattresses jumped 11.3 percent on a dollar basis year over year in April, totaling $273.1 million, according to the latest Bedding Barometer report from the International Sleep Products Association. The most recent report is another indication that the mattress industry has turned in a positive direction, after spending much of the … More »