• Sealy will close Pa. facility

  By Furniture Today Staff, August 15, 2008
  ARCHDALE, N.C. — Sealy announced last week that it will close its Clarion, Pa., bedding plant in October. Sealy has operated the facility since 1981. In light of current economic conditions and continued softness in the retail mattress environment, we determined that closing this plant is the best decision for the company, said Larry Rogers, Sealy CEO.  More

• Simmons sales dip in 2Q

  By Furniture Today Staff, August 15, 2008
  ATLANTA — Bedding major Simmons Co. said its second-quarter sales slipped 3.7%, but net income rose 20% due to lower operating costs and interest expenses. Sales for the quarter ended June 28 totaled $267.7 million, compared with $277.9 million in last year's second quarter. Domestically, sales dropped 6.  More

• Innersprings dumped

  By David Perry, August 15, 2008
  WASHINGTON — The U.S. Department of Commerce has issued a preliminary finding that mattress innersprings imported to the United States from China, South Africa and Vietnam were unfairly dumped in the U.S. market. Importers of those products will have to pay preliminary duties ranging from 118.17% to 234.  More

• Rogers sets Sealy strategy

  By David Perry, August 15, 2008
  LAS VEGAS — Sealy's newly minted CEO and president knows exactly how he wants to navigate the bedding industry's largest producer through a challenging year. Sealy veteran Larry Rogers, who had been interim CEO since Dave McIlquham's abrupt departure in March, took the interim off his title three weeks ago when Sealy wrapped up the process of looking for McIlquham's successor.  More

• Equity firms bid for Sleep Country Canada

  Michael J. Knell, August 14, 2008
  TORONTO Two Canadian private equity firms are bidding to buy Sleep Country Canada Income Fund in what is described as a friendly takeover bid. Birch Hill Equity Partners Management Inc. and Westerkirk Capital Inc. have offered C$22 per unit cash, valuing the deal at approximately C$356 million.  More

• Bedding execs don’t see rebound on the horizon

  David Perry, August 12, 2008
  HIGH POINT – As the mattress industry heads into two of its strongest sales months, hopes are dimming that a significant rebound is on the way this year. In fact, leading producers are not particularly bullish about prospects in 2009, either.  More

• Simmons sales slip 3.7% in quarter

  Larry Thomas, August 5, 2008
  ATLANTA — Bedding major Simmons Co. said its second-quarter sales slipped 3.7%, but net income rose 20% due to lower operating costs and interest expenses.  More

• Sealy to close Clarion, Pa., plant

  By Furniture Today Staff, August 4, 2008
  ARCHDALE, N.C. Sealy announced today that it will close its Clarion, Pa., bedding plant in October. Sealy has operated the facility since 1981.  More

• Restonic adds two upper-end sleep sets

  By Furniture Today Staff, August 1, 2008
  LAS VEGAS — Broadening its assortment of upper-end products, bedding producer Restonic is unveiling new models at the Las Vegas Market here for two of its specialty bedding lines.  More

• Sanitary Mattress now Eastman House licensee

  By Furniture Today Staff, July 31, 2008
  NORTH BRUNSWICK, N.J. Eastman House Mattress has added Houston-based Sanitary Mattress Co. as a licensee.  More

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