Bedding manufacturer and retailer Select Comfort (NASDAQ: SCSS) reported a fourth-quarter profit of $11.3 million or 25 cents per share, reversing a net loss from a disastrous fourth quarter in the prior year, when a new enterprise resource planning system led to lost sales and canceled orders.
Bedding producer Tempur Sealy International (NYSE: TPX), whose stock price has been hammered since it announced last week it no longer would sell products to Mattress Firm, said its board of directors has approved a stockholder rights plan to protect the company against hostile takeover bids.
Bedding major Simmons said it is continuing its relationship with New England Patriots quarterback Tom Brady in 2017, and will continue the advertising campaign for its flagship Beautyrest brand that includes the star player.
West Coast bedding manufacturer Pleasant Mattress has promoted Kevin Cooley to field sales manager, responsible for managing the company’s sales team.
Latex foam producer Talalay Global is introducing a dog bed appropriately named Barkalay at this month’s Las Vegas Market, and the company has enlisted several specially trained dogs to assist with the product launch.
Select Comfort (NASDAQ: SCSS), maker of the Sleep Number airbed, is introducing a smart bed at this week's Consumer Electronics Show that the company calls "one of the most significant innovations in the company’s 30-year history."
Bedding major Simmons is replacing its successful Beautyrest Recharge line with a lineup of 16 innerspring beds that aim to create an easy-to-understand step-up story for consumers.