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Article: In a tough year, Sleepy's races to top of mattress pyramid.
- Article from:
- Furniture-Today
- Article date:
- August 17, 2009
- Author:
CopyrightCOPYRIGHT 2009 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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David Perry, Executive editor
Need more evidence of the tough year the mattress industry endured in 2008? You probably don't, but take a look anyway at our recent listing of the Top 25 Bedding Retailers.
Sales declines abound. They range from the modest -- minus 0.9% for Mattress Firm -- to the dramatic -- a 38.7% drop for Mattress Discounters. All told, 17 of the Top 25 were in minus territory last year. That is to be expected, given the industry's 11.8% sales decline in 2008.
There were some sales gainers last year, the most notable being New York sleep shop powerhouse Sleepy's, which steamrolled into the No. 1 spot on the list, knocking ...