Mattress Firm continues to advance the backpack in bedding, continuing aerial aloft its antagonism and continuing to set a baking advance pace. But several added bedding retailers are additionally accomplishing well, a attending at Appliance Today’s account of the Top 25 Bedding Retailers reveals.
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Each year we amend that list, and anniversary year Mattress Firm finds new means to column amazing sales gains. Aftermost year’s increase, a 27.8% jump in bedding revenues, was fueled abundantly by the accession of Sleepy’s to the Mattress Firm portfolio. Sleepy’s added about 1,050 food and added than $1 billion to Mattress Firm’s revenues. And with those contributions, Sleepy’s now disappears from the list.
The new No. 2 is Sleep Number, the airbed retailer, which acquaint a 10% access in bedding revenues and acme the billion dollar mark, at $1.1 billion.
The new No. 3 on the Top 25 account is the Ashley HomeStore network, which additional its bedding revenues by 12%, to $560 actor and added 43 food in the process. No one doubts the ability of Ashley, which is gunning for addition big advance year in bedding this year.
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Those top three bedding retailers are all standouts and are carefully followed throughout the industry. But there were six added Top 25 retailers who acquaint double-digit advance aftermost year and additionally deserve austere scrutiny.
That accumulation includes the Berkshire Hathaway appliance division, up 12%; Raymour & Flanigan, up 12.1%; Bob’s Discount Furniture, up 18.3%; Mattress1One, up 20%; Art Van, up 10.0%; and Badcock Home Appliance & more, up 11.5%.
While it’s accurate that about two-thirds of the advance recorded by the Top 25 came from Mattress Firm, those added bedding standouts appearance that the bedding industry has several able retail performers.
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Collectively the Top 25 recorded a bedding advance amount of 12.8% and generated bedding revenues of $8.9 billion — about 60% of the absolute retail bedding industry’s volume, which we estimated at $15.4 billion aftermost year.
It’s absorbing to analyze that retail advance with the all-embracing advance on the broad ancillary of the business, which was 3.4% in dollars aftermost year. That broad amount doesn’t do a acceptable job of capturing bed-in-a-box sales and adjustable bed abject sales, and doesn’t accommodate bedding imports, and it illustrates some of the means that top bedding retailers are outperforming their competitors with those double-digit gains.
Will this mark the final year of Mattress Firm’s aerial advance rates? Most likely. The era of blockbuster acquisitions for Mattress Firm has appear to an end, we would think. Now there will be some “right sizing,” and aforementioned abundance sales will acceptable be a key advance engine.
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But, as our Top 25 account demonstrates, Mattress Firm is one of several bedding retailers on the abound in the mattress category, and we can apprehend able performances from several added players this year.
Mattress Firm is too big to be bent in the chase for No. 1, but we adumbrate there will be several absorbing advance belief for us to allocution about abutting year.
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