Bedding sales dip in September as specialty segment tumbles
November 12, 2013,
ALEXANDRIA, Va. — The up-and-down bedding industry took a turn downward in September, with unit sales falling 1.0% and the dollar value of bedding shipments dropping 0.6%.
The September Bedding Barometer report from the International Sleep Products Assn., which presents a snapshot of industry activity, painted a generally lackluster portrait of a month that featured the Labor Day holiday, traditionally one of the strongest bedding sales events of the year.
The Bedding Barometer report includes quarterly and year-to-date breakdowns on innerspring and specialty sleep bedding that show innerspring bedding continues to dramatically outperform specialty sleep.
In September, innerspring mattress units were up 0.9%, while specialty mattress units decreased 13.9%. Innerspring mattress dollars were up 9.0% in September, while they were down 9.0% for specialty mattresses.
For the first nine months of the year, innerspring mattress units were up 2.2%, while specialty mattress units were down 6.0%. And innerspring mattress dollars were up 7.7%, while specialty mattress dollars were down 4.2%.
For the third quarter, overall units were up 2.6%, while the dollar value of bedding shipments was up 4.2%. Innerspring mattress units were up 3.8% in the third quarter, while they were down 6.7% for specialty mattresses. And the dollar value of innerspring mattress shipments was up 10.8% in the third quarter, while it was down 3.1% for specialty mattresses.
The average unit price was up 1.5% in the third quarter, to $218.77.
The monthly reports reflect the performance of 15 U.S. bedding producers who last year accounted for 70% of total industry units and about 79% of the wholesale revenues of the full market.
But ISPA cautions that the monthly figures may not necessarily reflect the performance of the industry as a whole, because of market share and distribution changes.