Tempur Sealy Issues Statement on Sears Bankruptcy

October 16, 2018  by Laurie Northington in Bankruptcy, Business Strategy, Industry   

Sears represented less than 5 percent of the company's global net sales and less than $5 million of its accounts receivable exposure as of Sept. 30, 2018. 

"Our products are broadly distributed across many channels so consumers can choose where and how they wish to shop. We continue to work closely with Sears during their restructuring process while managing our related financial and operational risks," said Scott Thompson, chairman and CEO of Tempur Sealy.