Top bedding producers: TSI brand duo takes top two spots - Furniture Today

2022-04-22 22:52:08 By : Mr. Bill lu

HIGH POINT — In a year that delivered retail shutdowns, a surge in consumer demand and unprecedented supply chain issues, Tempur-Pedic leapfrogged Simmons and Serta to secure the No. 2 position behind its sister company Sealy, which held onto its top seating in Furniture Today’s annual list of the top bedding producers.

With Tempur-Pedic’s 23.5% gain in 2020 — the list’s largest growth — to post wholesale shipments of $1.378 billion, Tempur-Sealy International’s brand duo sits in the No 1 and No. 2 slots, according to Furniture Today’s estimates. Sealy held onto the top spot and recorded a 14.6% increase to $1.646 billion, which includes Sealy and Stearns & Foster branded shipments.

Simmons suffered an estimated 11% decline in shipments in its Simmons and Beautyrest brands to $1.094 billion and slid from the No. 2 spot to No. 3 on the list.

Serta’s estimated 19% decline to $974 million dropped the company to No. 4 on the list.

Holding steady at No. 5, Sleep Number’s wholesale shipments were estimated at $669 million, a 1.5% increase from the prior year. Ashley Furniture Inds., a relative newcomer to the bedding category inched closer to the $500 million mark with its 15.8% increase to an estimated $425 million in shipments.

Those are the key shifts in this year’s Top 15 U.S. bedding producers’ report that looks at the performance of the industry’s traditional bedding suppliers. This year’s report returns to the traditional ranking of the top 15 producers that Furniture Today followed prior to 2018.

Overall, seven brands recorded growth, seven suffered losses, and one held steady.

Therapedic International held onto its No. 8 spot with an 8% increase to estimated shipments of $184 million.

Restonic also posted a double-digit increase — 15.5% to $149 million — jumping back up into the top 10 and securing its position this year at No. 9, compared with No. 11 last year.

In addition to Simmons and Serta, double-digit declines were recorded last year by E.S. Kluft, down an estimated 17.8%, and Englander, down an estimated 14.4%.

Three other producers recorded shipment declines last year, according to Furniture Today’s market research. They were Sherwood, down an estimated 9.7%; Symbol, down an estimated 9.4%; and Kingsdown, down an estimated 4.9%.

There was a bit of shuffling among the No. 9 through No. 14 seats. Restonic, with its estimated increase to $149 million jumped two spots up the list to No. 9, unseating Sherwood, which moved to No. 10 with estimated shipments of $140 million. The change dropped Symbol to the No. 11 spot with its estimated shipments of $125 million.

Despite Kingsdown’s estimated 4.9% decline, the company’s $98 million earned it the No. 12 spot, up two from No. 14 on last year’s list. Englander held steady at No. 13, and E.S. Kluft slid from No. 12 to No. 14 on its estimated sales of $94.5 million.

King Koil held onto the No. 15 position with even estimated shipments of $91 million.

Overall, the industry fared well as consumers shifted buying patterns away from travel and back into their homes, and mattresses became a hot category.

The 2020 Mattress Industry Trends Report published by the International Sleep Products Assn., said the total U.S. bedding market — mattresses and foundations — for the year was up 6.9% in dollars and 7% in shipments over the previous year. Mattress sales in dollars, U.S. produced and imported, were up 4.7%, with units shipped up 9.3%. According to the report, U.S.-produced and imported foundations climbed 2% in dollars and 1.6% in units shipped.

A significant bright spot in the sleep category showed a 35.2% increase in motion foundations, both U.S. made and imported, the report said.

I’m Sheila Long O’Mara, executive editor at Furniture Today. Throughout my 25-year career in the home furnishings industry, I have been an editor with a number of industry publications and spent a brief stint with a public relations agency where I worked with some of the industry’s leading bedding brands. I rejoined Furniture Today in December 2020 with a focus on bedding and sleep products. It’s a homecoming for me, as I was a writer and editor with Furniture Today from 1994 until 2002. I’m happy to be back and look forward to telling the important stories impacting bedding retailers and manufacturers.

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