July 21 – 28, 2022
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Each week, we find, curate and share the most relevant bedding and mattress news stories from across the web. Check out what we’re reading and writing about this week.
In The News
The Summer Issue of Sleep Retailer Is Out Now! : Get all the details on the latest mattress and bedding products, programs and collections in our new issue. | Sleep Retailer
As Jobs Become More Automated, How Will Workers Adjust?: Job automation is accelerating and a number of companies are starting to mix robots into their workforces. While automation may not cause mass job losses, new technology will change the types of jobs and skills needed in the workplace. | MarketPlace
Tempur Sealy Invests $20M In Strategic Funding For Bryte: Bryte recently announced a $20 million strategic investment round led by Tempur Sealy International. Additionally, the two companies intend to collaborate on future products, services and technology. | Sleep Retailer
US Economy Contracts Again, Fueling Recession Fears: Gross domestic product fell by 0.9% on an annualized basis from April through June. That decline marks a key symbolic threshold for the most commonly used — albeit unofficial — definition of a recession, as two consecutive quarters of negative economic growth. | CNN
Therapedic Offers Retailer-Driven Programs: Therapedic International is helping retailers thrive in today’s marketplace by delivering practical resources based on real-life know-how. Learn more in our summer cover sttory. | Sleep Retailer
The Housing Slowdown Is Here: Home sales are slowing down, and some of the pandemic era’s hottest “Zoomtowns” — sleepy areas where remote workers pushed up real-estate prices — are already seeing price drops. | AXIOS
Nationwide Marketing Group Offers An Extensive Private Label Mattress Portfolio: As part of its mission to support independent retailers, NMG offers its members access to a carefully crafted portfolio of private label mattress programs—providing retailers with a level of exclusivity that helps boost traffic, sales and margins. | Sleep Retailer
Tempur Sealy Shares Fall On Revenue Miss, Lowered Guidance: Shares of TSI fell 4.8% to $23.02 this week, after the mattress maker reported second-quarter sales below Wall Street’s expectations, citing macroeconomic pressures. | MarketWatch
Snap Finance Drives Sales With Flexible Lease-To-Own Consumer Financing: Snap Finance is helping both customers and retail businesses succeed by providing a reliable financing solution that fits their needs. | Sleep Retailer
They Flocked To China For Boom Times. Now They’re Thinking Twice: The once resilient Chinese economy is looking shaky, and the companies that flocked to the country to partake in boom times are being confronted by a sobering reality: flat growth in what was once seen as a reliable economic opportunity. | New York Times
King Koil Taps Industry Veteran To Lead West Coast Sales: King Koil has expanded its management team to include bedding industry sales veteran Scott Moore, who joins the luxury brand as vice president of sales for the west coast. | Sleep Retailer
Sleep Number Shares Down ~9% After Company Cuts FY Profit: Sleep Number stock fell 9.1% to $33.13 in Thursday premarket trading, after the bedding products and smart beds company slashed its FY 2022 EPS and net sales guidance. | Seeking Alpha
Spring Air Signs Florida Licensing Agreement: Spring Air International has inked a licensing deal with Compass Bedding Products for the state of Florida, closing an important gap in the company’s nationwide footprint. | Sleep Retailer
Here Comes A ‘Flurry’ Of Retail Bankruptcies: Retailers on life support may go the way of the dinosaur in early 2023 should the economic slowdown cause a lackluster holiday shopping season, says Mark Cohen, Columbia University professor of retail studies. | Yahoo!Finance
Englander Extends License Deal With Mexican Producer-Retailer: Englander has extended its licensing agreement with Don Colchon, a major mattress producer-retailer in Mexico, after five successful years of introducing and selling the U.S. brand throughout Mexico. | Sleep Retailer
Are Sustainable Returns Possible In The Mattress Industry?: Mattress retailers face complicated operational problems when it comes to returns. Those conditions lead to Americans disposing of an estimated 20 million mattresses and box springs every year — the vast majority of which end up in landfills or incinerators. | RetailDive
Health, Wellness & The Science Of Sleep
3 Ways Work Is ‘Sabotaging’ Your Sleep: “What you do during the day and at work can really affect how well you sleep at night, and how you feel waking up the next morning,” says Dr. Rachel Salas, a sleep medicine specialist and the assistant medical director at the Johns Hopkins Center for Sleep and Wellness. | CNBC
Study Of Sleep In Older Adults Suggests Nixing Naps: Napping, as well as sleeping too much or too little or having poor sleep patterns, appears to increase the risk for cardiovascular disease in older adults, new research shows. | Heart.org
What Is It About Bedding That Men Can’t Stand To Wash?: While a majority of single women wash their sheets every two weeks, most single men say theirs hit the laundry every four months. What is going on here? | MEL
Study Identifies New Links Between REM Sleep Disturbances & Drug Relapse: Sleep disruptions have long been associated with drug withdrawal and relapse. Now, a new study provides a more detailed picture of recovery-related sleep that could lead to insights for better recovery treatments. | Science Daily
How Can I Sleep Better In The Heat?: While it may be difficult to drift off when both you and your room are warm, there are things you can do to snooze more soundly. | New York Times