Sherwood Bedding Company has announced a strategic investment from Steinhoff, representing a majority ownership in Sherwood. The partnership represents the first US mattress manufacturing investment by Steinhoff International. Sherwood is the fifth largest mattress manufacturer in the US. The transaction is expected to close by July 15, 2017. Steinhoff, an integrated retailer that manufactures, sources and sells furniture, household goods and clothing in Europe, Africa and Australasia, announced in September the completion of an agreement to acquire Mattress Firm, the largest mattress retailer in the US. The investment in Sherwood marks an expansion of the company’s North American operations in the mattress category, specifically in their manufacturing division. Sherwood, a third-generation independently owned bedding manufacturer, operates four manufacturing facilities across the US, with plans to open more in the ชุดผ้าปูที่นอน 3 ฟุต Northeast and Northwest, and serves as a manufacturing partner for several leading retailers. “We are extremely excited to partner with Steinhoff to continue to grow our mattress business. With their deep industry experience, we will focus on accelerating our growth plans and further integrating vertically into raw materials,” said Neil Ellman, co-president of Sherwood. Lance Ellman, co-president of Sherwood, added, “This was an opportunity to take on a partner that will work with Sherwood and our management team to expand for the future. Existing management along with Neil and I will continue to operate the business and we are excited about the long-term growth of the company.
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New Information On Rapid Programs Of
This is the dollar share of innerspring sleep sets in bedding specialty stores in 2014 and 2016, respectively. Why they matter: At first glance this looks like bad news for innerspring producers, as the category has lost two percentage points of market share in two years. But when sales of hybrids are included, it turns ชุดเครื่องนอน jessica out that beds with innersprings actually gained five percentage points of market share in the past two years in bedding specialty stores. This is the dollar share of memory foam sleep sets in bedding specialty stores in 2014 and 2016, respectively. Why they matter: The gains in hybrids led to a slight decline in innerspring sales (see above), but they sparked a bigger decline in the sales of memory foam beds — a loss of five percentage points of market share. But it also must be remembered that memory foam is in many hybrid beds, a fact that lessens the impact of this market share loss. Doing the math: Bedding specialty stores are setting a strong growth pace in the industry, with major retailers generally finding ways to remain on high-growth curves. They are achieving that growth, product-wise, by embracing hybrid sleep sets, which have posted significant dollar share growth in the past two years. While innerspring beds have lost some share, memory foam beds have lost even more. But the gains by hybrids were strong enough to offset those declines. Given their high-growth ways, bedding specialty stores are watched closely by bedding observers across the country.
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