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Archive for January, 2010

Helped develop Indiana-based licensee

David Perry — Furniture Today, January 6, 2010

NEW ALBANY, Ind. — John Quinn, a key builder of the Restonic brand and its licensee here, Sleep Products, died Jan. 4. He was 77.

Quinn began his career with Restonic in 1958, when he and his grandfather Ralph Quinn Sr. and brother Ralph Quinn Jr. left Serta of Louisville to make and market Restonic Triple Cushion mattresses under the name of Restonic Sleep Products.

John Quinn was active in the Restonic organization over the years, serving on the board of directors as chairman and treasurer. He worked as a mentor to new Restonic licensees, an ambassador to international licensees, and as chairman of search committees when the group sought new leadership, the company said.

“John spent his life in the bedding industry,” said Ron Passaglia, Restonic’s president. “He made a great impact with his contributions to his family and to growing the business at Restonic. Everyone who knew him respected his work ethic and enjoyed the business and professional relationships they shared with him. John was well respected throughout the industry and will be missed by all.”

Quinn’s colleagues remembered him as a man of honesty, fairness and integrity, qualities that remain central at Sleep Products, Passaglia said.

Survivors include his wife, Mary Lou; sons Lee, Bob and Tom, all of whom are involved in the business; a daughter, Ellen; eight grandchildren, two of whom, Chris and Chad, are involved in the business; and several great-grandchildren.

Funeral will be at 10 a.m. Thursday, Jan. 7, at Highland Funeral Home in Louisville, Ky.

For more details on bedding and mattres deals visit an online b2b marketplace.

Source: www.furnituretoday.com

Edgecome Furniture to produce sofas, chairs, other goods
David Perry — Furniture Today, January 8, 2010

PINETOPS, N.C. — Top 10 bedding producer Therapedic has entered the upholstered furniture category with a licensee here.
The company has entered into an agreement for Edgecombe Furniture to produce sofas, loveseats, chairs, sofa-sleepers and other upholstery products under the Therapedic label. Therapedic’s MemoryTouch memory foam and PureTouch latex foam mattresses, as well as a spring mattress, will be featured in the sofa-sleepers.

The U.S.-made line will be available for shipment throughout North America, said Gerry Borreggine, CEO of Therapedic.

“We have built a quick-ship model, which will help retailers make quick sales and turn goods fast,” he said. Therapedic selected best-selling frames and covers from Edgecombe’s offerings for the new program.

Retails are expected to start at about $399 for a sofa-sleeper.

“This is a strong program and a natural extension to our mattress line,” Borreggine said. The upholstery line will be shown at the High Point Market in April.

Edgecombe Furniture is a division of Cotton Belt Inc., whose Sleep Worthy division operates as Therapedic Mid-Atlantic, producing mattresses for five Southeastern states.

“We are excited about the growth potential with Therapedic, and we plan to grow stronger as part of the Therapedic team,” said Bob Phillips, vice president of Edgecombe.

For more details on bedding and mattres deals visit an online b2b marketplace.

Source: http://www.furnituretoday.com/article/443153-Therapedic_to_introduce_upholstered_furniture_line.php

10-store chain owes unsecured creditors about $1.6 million
Larry Thomas — Furniture Today, January 6, 2010

ATLANTA — Mattress King, a 10-store bedding specialty retailer, has filed for Chapter 11 bankruptcy protection here.
The retailer, which is based in nearby Norcross, Ga., listed assets of $313,000 and liabilities of $2.1 million.

Documents filed with U.S. Bankruptcy Court show that unsecured creditors are owed about $1.6 million.

The largest home furnishings industry creditor is Fraenkel Co., an importer and producer of case goods, upholstery and bedding that is owed $189,000.

Other home furnishings creditors, and the amounts owed, include Simmons, $91,323; Comfort Solutions licensee Dixie Bedding, $61,633; Sealy, $34,317; and Hooker Furniture, $5,375.

According to court documents, the largest unsecured creditor is CEO Gloria Harrell, who is owed $381,795. Harrell and her husband, Gary, each own 40% of the company’s stock.

The retailer’s stores are in the Atlanta area. Several bedding retailers operate under the Mattress King name in other markets, but they are not affected by the bankruptcy filing.

For more details on bedding and mattres deals visit an online b2b marketplace.

Source: http://www.furnituretoday.com/article/442762-Atlanta_retailer_Mattress_King_in_Chapter_11.php

Will provide mattresses to more than 160 U.S. houses by end of 2013
Furniture Today Staff — Furniture Today, January 11, 2010

LEXINGTON, Ky. — Foam mattress source Tempur-Pedic International is expanding its role with Ronald McDonald House Charities and will provide mattresses to the more than 160 U.S. houses by the end of 2013.
Last year, the company outfitted four of the houses, which offer lodging to the families of sick children who are staying in nearby hospitals.

This year, another 30 to 40 houses will receive Tempur-Pedic beds, meaning more than 32,000 families this year will be able to get the sleep they need to support their children, according to the company. By the end of 2013, the plan is for all participating U.S. houses to have Tempur-Pedic beds.

“We’re honored to have a meaningful role in the wonderful work that this charity does for families, not only here in Lexington where we first got involved, but now, all across the country,” said Mark Sarvary, CEO of Tempur-Pedic International. “Tempur-Pedic is dedicated to helping people get their best nights’ sleep every night, but we know this can be particularly challenging for parents and other caregivers. We’re so pleased to be a part of this valuable undertaking helping families stay together, rest together and support each other in their times of need.”

Tempur-Pedic enlisted the help of logistics and transportation provider C.H. Robinson Worldwide to help plan the most efficient distribution of the beds over the next four years. Once they learned about the initiative, C.H. Robinson offered to arrange transportation of the beds, and donate the associated cost.

“We are very excited to be using our logistics expertise and resources in an effort that will benefit so many communities,” Tim Manning, said vice president of C.H. Robinson Worldwide. “Most importantly, we are proud to support the Ronald McDonald House Charities and their mission to provide comfort to families when they need it most.”

For more details on bedding and mattres deals visit an online b2b marketplace.

Source: http://www.furnituretoday.com/article/443398-Tempur_Pedic_expanding_role_with_Ronald_McDonald_House_Charities.php

Trade show set for March 3-6 in Charlotte, N.C.
David Perry — Furniture Today, January 12, 2010
ALEXANDRIA, Va. — Treats from the Carolinas, prestigious awards and an “extraordinary” speaker will highlight the International Sleep Products Assn.’s Expo, set for March 3-6 in Charlotte, N.C.

The event, held every other year, features exhibits by mattress suppliers from around the world and is the industry’s largest trade show.

But, show organizers noted, there is more to the Expo than the exhibition.

The upcoming Expo will feature another appearance by the mattress industry‘s homegrown band, the Insomniaczzz, which stole the show at the Expo two years ago with a high-energy performance. They will be featured during the Welcome Reception from 5 p.m. to 6:30 p.m. Wednesday, March 3.

The theme of the reception is “Carolinas … From the Mountains to the Coast.” The reception, sponsored by Atlanta Attachment Co., will offer a variety of Carolinas-themed foods and drinks.

The Industry Breakfast, set for 7:45 a.m. until 10 a.m. on Friday, March 5, features a performance by illusionist Craig Karges, a nationally recognized speaker and author known as the “extraordinist.” He has made more than 4,000 appearances on four continents and all 50 states, and has appeared on “Larry King Live,” CNBC, CNN and E! Entertainment Television. ISPA officials said Karges blends mystery, humor, psychology and intuition in his presentation.

The Industry Breakfast also will feature the presentation of ISPA’s two top awards, the Russell L. Abolt Exceptional Service Award and the Robert MacMorran Memorial Award.

The Abolt award, which honors the longtime ISPA leader, now retired, is the association’s highest individual honor, recognizing an industry leader for advancing the interests of the mattress industry.

The MacMorran award, given to individuals who have demonstrated meritorious service to the sleep products industry, honors the late general chairman of ISPA’s Suppliers Council.

More information on the ISPA Expo is online at online b2b marketplace.

Source: http://www.furnituretoday.com/article/443690-ISPA_Expo_to_offer_entertainment.php

Renovated goods fail to meet federal FR standard
Furniture Today Staff — Furniture Today, January 14, 2010
WASHINGTON — Mattress World of Dallas is recalling 750 low-end, renovated sleep sets because they fail to meet the government’s fire resistance standards.

The U.S. Consumer Product Safety Commission announced the voluntary recall, saying the mattress sets pose a fire hazard to consumers. It said that no injuries have been reported.

The recall involves Mattress World renovated twin, full, queen and king mattress sets sold in blue floral, white floral and taupe floral designs. The prototype ID on the mattress tags for the recalled sets reads MWQ or MWFOBXQ. The sets were produced from May 29 through Sept. 4 of last year, CPSC said.

It said the sets were sold at various furniture stores in Arkansas, Louisiana, Oklahoma and Texas from May 2009 through September 2009 for between $35 and $105.

Consumers with the recalled sleep sets should contact Mattress World to receive a refund. That company can be contacted at b2b trade directory.
For more details on bedding and mattres deals visit an online b2b marketplace.

Source: http://www.furnituretoday.com/article/444183-Mattress_World_of_Dallas_recalls_sleep_sets.php

Will continue to work with licensees

David Perry — Furniture Today, January 14, 2010

BOSTON — Spring Air International has promoted Bill Frame from director of manufacturing services to vice president of manufacturing.
In his new post, Frame will continue to work with the company’s licensees in product development, pooling and leveraging best practices, quality assurance and advancing new vendor programs and services. He reports to Rick Robinson, president.

“Bill works tirelessly with our vendors, factories and the entire Spring Air team at a level of professionalism I’ve rarely seen in my 30 years in the industry,” Robinson said. “His can-do attitude has generated great feedback from nearly every Spring Air factory that’s part of the new organization.”

Before joining Spring Air International, Frame worked as a plant manager for the former Spring Air Co. in Tampa, Fla. Before that, he was a plant manager for Serta and a factory superintendent for Sealy.
For more details on bedding and mattres deals visit an online b2b marketplace.

Source: http://www.furnituretoday.com/article/444184-Spring_Air_promotes_Bill_Frame_to_vice_president.php

Sales increase by 1.9%

Larry Thomas — Furniture Today, January 14, 2010
ARCHDALE, N.C. — Aided by an uptick in its domestic business, bedding major Sealy recorded a profit in its fourth fiscal quarter on a 1.9% increase in sales.

The company said it had net income of $2.6 million or 2 cents per share for the quarter ended Nov. 29. That reversed a net loss of $41.4 million or 45 cents per share in the fourth quarter of the previous year – a period that included one-time charges of more than $27 million.

Sales for the most recent quarter totaled $332.1 million, up from $325.8 million in last year’s fourth quarter.

The company said wholesale domestic net sales, which exclude third-party sales from Sealy’s components factories, jumped 7.3% to $227.7 million. Unit volume was up 7.9%, while the average unit selling price slid 0.6%.

“We are pleased with the results produced by our intense focus on the aspects of our business that we can control,” said Larry Rogers, president and CEO, noting that the sales figures represent the first year-over-year increase since the fourth quarter of 2007.

“Our successful rollout of the new Stearns & Foster line reinforced our commitment to developing innovative products and was an important driver in our profitable market share gains, and in strengthening our partnerships with our retailers and suppliers,” he added.

Gross margin for the quarter was 39.5%, some 3.3 percentage point higher than last year’s fourth quarter. Rogers said he was especially pleased that gross margin on the company’s domestic business was 41.5%, a jump of 3.7 percentage points.

For the fiscal year ended Nov. 29, sales totaled $1.29 billion, a decrease of 13.9% from the previous year’s $1.5 billion.

Net income for the year was $13.5 million or 10 cents per share. In the previous year, the company had a net loss of $3.8 million or 4 cents per share.

For more details on bedding and mattres deals visit an online b2b marketplace.

Source: http://www.furnituretoday.com/article/444190-Sealy_earns_2_6_million_profit_in_fourth_quarter.php

Both are veterans of Kingsdown division

David Perry — Furniture Today, January 19, 2010
MEBANE, N.C. — Sleep to Live, a division of Top 10 bedding producer Kingsdown, has promoted two employees in its corporate offices.
Cindy McIntyre, a 12-year veteran of Kingsdown, was promoted to vice president of support services. She has responsibilities in customer service, consumer relations and sales support, both domestically and internationally. Previously, she was assistant vice president of support services.
“Cindy has taken sales support way beyond what is expected and continues to enhance our customer service and sales support in terms of effectively communicating with sales associates and customers,” said Joe Schmoeller, senior vice president of operations for Sleep to Live.
In addition, Anne Ray was promoted to corporate secretary. Ray, previously assistant secretary, also is executive assistant to the chairman and CEO. During her 10-year career at the company, Ray has coordinated the daily activities of senior management and coordinated all company functions.
“Besides being the voice of the company, Anne has expanded her reach to positively impact many areas within Sleep to Live and Kingsdown,” said Eric Hinshaw, chairman and CEO of Sleep to Live.
For more details on bedding and mattres deals visit an online b2b marketplace.

Source: http://www.furnituretoday.com/article/444937-Sleep_to_Live_promotes_Cindy_McIntyre_Anne_Ray.php

Had left company two years ago
Furniture Today Staff — Furniture Today, January 21, 2010

Steve Amis
MISSISSAUGA, Ontario — Bedding industry veteran Steve Amis has returned to Springwall Sleep Products as national sales director after a two-year absence.
Amis left in early 2008 to pursue opportunities outside of the furniture industry, and resumed his post on Jan. 4. He is responsible for leading the family-owned mattress producer‘s sales team and for the merchandising and marketing of the line.

Company CEO Boyd Kay said in a statement that with Amis “having played a very key role in the growth of our company previously, we are very excited to welcome Steve home to the Springwall family. Mr. Amis is very well respected by the dealer base, industry suppliers and our sales team for his professionalism and determination to build successful partnerships.”

Amis said he has been touched by the response his return has received.
“The reception has been fantastic, albeit a little unexpected and overwhelming,” he said. “The brief hiatus has given me an even greater appreciation for this industry and the bonds it creates.”
For more details on bedding and mattres deals visit an online b2b marketplace.

Source: http://www.furnituretoday.com/article/445196-Steve_Amis_returns_to_Springwall_Sleep_Products.php