LEXINGTON, Ky., May 21, 2020 /PRNewswire/ -- Tempur Sealy
International, Inc. (NYSE: TPX, "Company") announced today that
customers and associates are welcomed back into the Company's U.S.
Tempur-Pedic and Sleep Outfitters retail stores. After temporary
closures, the Company has begun opening its domestic retail stores
in a phased approach in compliance with recommended safety
precautions from the CDC, state and local health authorities and
its Clean Shop Promise™ protocol. Tempur Sealy expects the
vast majority of its approximately 160 U.S. retail locations to be
open by the end of May. Some may operate with reduced hours and/or
modified delivery services.
In addition to opening its Company-owned stores, the Company
continues to support third-party retailers in the opening of their
stores through offering its Clean Shop Promise™ protocol as a
resource. The Company built upon its unique combination of robust
consumer insights and global industry experience to develop a
holistic set of guidelines designed to offer consumers a clean and
comfortable in-store experience.
Tempur Sealy Chairman and CEO Scott Thompson
commented, "One of our strengths is our powerful omni-channel
distribution model, which allows us to reach consumers wherever
they want to shop. We believe about 65% of the third-party retail
doors will be open in the U.S. by the end of May, which is up from
40% at the end of April."
Thompson continued, "We see consumers shopping both online and
in-stores. While it is early, stores that have re-opened are
generally experiencing strong closing rates with reduced traffic.
As more third-party retail locations open and we leverage our Clean
Shop Promise™ protocol, we expect that traffic will continue
to increase as consumers seek to experience our products
first-hand."
Forward-Looking Statements
This press release may be deemed to include statements that are
"forward-looking" within the meaning of the federal securities
laws, which include 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", "believes" and variations of such
words or similar expressions are intended to identify such
statements. Any forward-looking statements contained herein 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.
Other potential risk factors include the risk factors discussed
under the heading "Risk Factors" in Part I, ITEM 1A of the
Company's Annual Report on Form 10-K for the year
ended December 31, 2019 and in Part II, ITEM 1A of the
Company's Quarterly Report on Form 10-Q for the quarter ended
March 31, 2020. There may be other
factors that may cause actual results to differ materially from the
forward-looking statements contained herein. The Company undertakes
no obligation to update any forward-looking statement contained
herein to reflect events or circumstances after the date on which
such statement is made.
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.