ISPA: Sales, Margins Up for Mattress Industry in 2010
ALEXANDRIA, Va.--Sales and gross margins improved for the U.S. and Canadian mattress industry in 2010, according to the annual Cost Survey by the International Sleep Products Association.
The industry posted its highest average gross profit in the past 10 years in 2010, the survey found. ?In addition, inventory management (measured as gross margin divided by average inventory investment) also reached a 10-year high, and inventory turnover was close to a 10-year high. Net sales per employee and gross profit per inventory were both higher last year than in 2009.
The survey was based on information gathered from 38 U.S. and Canadian mattress manufacturers.