Sealy Narrows 4Q Loss as Mattress Sales Grow
January 23, 2013
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Sealy Corp. narrowed its fiscal fourth-quarter loss as mattresses sales improved from last year and beat market expectations.
The company, based in Trinity, N.C., is one of the largest bedding brands in the world, with mattress lines such as Sealy Posturepedic and Stearns & Foster. It has been dealing with intense competition in the industry as mattress makers increased their marketing and promotions to help lure cost-conscious consumers into making big purchases.
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