Serta remains No. 1 on list of U.S. bedding producers
June 13, 2017,
HIGH POINT — Serta experienced a tough year in 2016, with a 5.1% decline in revenues, but still ranks as the No. 1 producer on Furniture Today’s list of the Top 15 U.S. bedding producers.
Serta had supply channel issues last year, and those issues dogged the producer for months, negatively impacting sales. But Serta still finished the year with a comfortable edge — $132 million — over No. 2 producer Sealy.
Sealy’s sales figures include those for Stearns & Foster, the high-end bedding brand. S&F saw its shipments rise last year 3.3%, to $310 million.
No. 3 Simmons had the strongest performance of any Big Four producer, riding a 7.2% revenue gain to revenues of $1.499 billion.
And No. 4 producer Tempur-Pedic saw its revenues slip by 2.4%, to $1.088 billion.
Those top four producers all maintained their rankings from the previous year, as did No. 5 Select Comfort, which retails the Sleep Number bed in its own network of stores. Select Comfort’s wholesale revenues jumped 6% last year, to $424 million.
Again in the No. 6 position is Corsicana, the private label powerhouse, which had modest growth last year, posting a 1% sales gain, to $385 million.
Therapedic maintains its No. 7 rank, using a 5% sales gain to boost revenues to $149 million.
Moving into the No. 8 position is fast-growing Ashley, which had a 19% sales gain and lifted its bedding revenues to $119 million. That was by far the strongest percentage increase of any Top 15 producer.
No. 9 Englander also had a good year, recording a 9.3% sales gain to boost revenues to $117 million.
Next is No. 10 Restonic, which saw its revenues climb to $107 million on a 5.9% sales gain.
King Koil, No. 8 a year ago, lost some ground and slides to the No. 11 position. Its revenues dropped from $108 million to $104 million, a 3.7% decline.
No. 12 Symbol continued its growing ways. Its 7.5% sales gain boosted its revenues to $101 million.
No. 13 Kingsdown recorded modest growth last year. Its revenues grew 4.4%, to $96 million.
New to the list is Sherwood, a supplier to Mattress Firm and other retailers. It had estimated revenues last year of $92 million to make its first appearance on the Top 15 list, taking the No. 14 position.
Occupying the No. 15 spot on the list is E.S. Kluft & Co., the high-end bedding producer based on the West Coast. It had a strong year, recording an 11.3% sales gain, lifting its revenues to $89 million.
With Sherwood’s move into the Top 15 this year, a former Top 15 bedding producer drops off the list. That is Spring Air, which was No. 15 last year. With the exception of Serta, which supplied audited figures to Furniture Today, all of the figures on the list are Furniture Today estimates.
* See the entire report in the 12 June 2017 print issue of Furniture Today, or click here for the exclusive online edition.
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