LEXINGTON, Ky., Jan. 13, 2020 /PRNewswire/ -- Tempur Sealy
International, Inc. (NYSE: TPX, "Company") announced today it
expects to open its first Tempur-Pedic retail location in
Manhattan in June of this year.
This one-of-a-kind store in the Bloomberg building will provide
customers with a luxury retail experience, and ensure customers
have an opportunity to try out and select the right sleep solution
for their personalized needs. The Company also announced that
on Friday, January 17 it expects to
officially open its 56th store at the Walt Whitman
Mall on Long Island. The Company
expects to operate 75 to 80 Tempur-Pedic retail locations by the
end of 2020.
Tempur Sealy also noted that it is test marketing its latest
compressed mattress offering, the TEMPUR-Cloud®,
online only in select high-density population markets, including
Dallas, Los Angeles, Miami, New York
City, San Francisco, and
Seattle. The TEMPUR-Cloud
mattress is the Company's premium "bed-in-a-box" offering,
providing the high quality and premium feel of Tempur-Pedic, at an
entry level price point and in a convenient shipped-to-your-door
format. Tempur Sealy also offers compressed mattresses for
consumers at all price points, including its
Sealy® and Cocoon by
Sealy® mattresses available at Sealy.com and
CocoonbySealy.com and retailers across the US.
Scott Thompson, Tempur Sealy
President and Chief Executive Officer commented, "Our direct to
consumer business is growing rapidly and is a significant
contributor to the Company's
profits. This business has been very profitable from its inception
and has allowed us to diversify our business while getting closer
to our customer. This is consistent with our approach of being
wherever customers want to shop and it certainly strengthens our
powerful omni-channel distribution model."
"With thousands of retail partners across the world, third party
retail distribution has been, and is expected to continue to be,
the backbone of our business. Our broad base omni-channel
distribution helps us to deliver on our mission to improve the
sleep of more people, every night, all around the world," Thompson
added.
Visit https://www.tempurcloud.com, https://www.sealy.com, and
https://www.cocoonbysealy.com for more information about the
products in this release.
Forward-Looking Statements
This press release may contain "forward-looking statements,"
within the meaning of the federal securities laws, which includes
information concerning one or more of the Company's plans,
objectives, goals, strategies, and other information that is not
historical information. When used in this release, the words
"expects," "anticipates," "projects," "plans," "proposed,"
"intends," and variations of such words or similar expressions are
intended to identify forward-looking statements. These
forward-looking statements include, without limitation, statements
relating to the Company's operational plans, results of operation
or financial position. Any forward-looking statements are based
upon current expectations and beliefs and various assumptions.
There can be no assurance that the Company will realize these
expectations or that these beliefs will prove correct. The Company
undertakes no obligation to update any forward-looking statement to
reflect events or circumstances after the date on which such
statement is made. Numerous factors, many of which are beyond the
Company's control, could cause actual outcomes to differ materially
from those expressed as forward-looking statements.
About the Company
Tempur Sealy International, Inc. (NYSE: TPX) develops,
manufactures, and markets mattresses, foundations, pillows and
other products. The Company's products are sold worldwide
through third party retailers, its own stores, and online. The
Company's brand portfolio includes many highly recognized brands in
the industry, including Tempur®, Tempur-Pedic®, Sealy® featuring
Posturepedic® Technology, and Stearns & Foster®. World
headquarters for Tempur Sealy International is in Lexington, KY. For more information,
visit http://www.tempursealy.com or call
800-805-3635.
Investor Relations Contact
Aubrey Moore
Investor Relations
Tempur Sealy International, Inc.
800-805-3635
Investor.relations@tempursealy.com
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SOURCE Tempur Sealy International, Inc.