Both mattresses offer breathable fabric and extra cushioning and support material. Waterbed Replacement Series — The Select Comfort waterbed mattresses are designed to match your existing waterbed furniture. The Grand King Sleep Number bed allows you to stretch out for the ultimate in luxury and comfort. Select Comfort products include a full line of bedding accessories to complement their mattress lines.
From pillows all natural, memory foam, adjustable, traditional, any choices , to Bedding and Sheets, Mattress Pads and Frames adjustable and standard , you can find everything you may need online, and many samples in their store showrooms.
All we needed was the p5 mattress because we have the base. Our old mattress had been discarded and the base was set up at our cabin, nothing needed disassembled, removal or assembly. We asked if we could pick up the bed and were told no, Corporate did not allow any variation. Paul, pretty expensive postage, we decided we could not do this.
Second part of dilemma, we saw in the SC add that on Friday that SC was offering free delivery until Monday, September 20, Again went to the Roseville store to order our p5 king mattress, but were told in order to get free delivery we needed to order a mattress and frame.
So again no bed. Appears that SC has lost flexibility, customers must go along with corporate sales policies or else. Please Sign In and use this article's on page print button to print this article. By John Vomhof Jr. Paul Business Journal. Select stock fell again, to less than half its offering price, after the company announced a drop-off in sales growth and possible second quarter losses. Some stockholders filed lawsuits against the company, claiming management had been aware of the downturn earlier but withheld the information.
Select denied the claims. Making its second top management change in a three-month period, Hopf took over as interim CEO. The company managed to show a slight profit in the second quarter, but overall sales rose by only nine percent, down from 22 percent the previous quarter.
Strategically, Select had begun to depend on advertising to drive sales in the slow growth market--on average people changed homes more often than mattresses.
On a side note, other air bed makers benefited from the product awareness Select created with its advertising dollars. Select Comfort stock dropped off again in the wake of third quarter losses.
The company brought in outside consultants to help turn things around by tackling problems with product positioning, marketing, and distribution. Select also implemented a stock repurchase plan. Near year-end , Select was still without a permanent CEO. Hopf said the company was considering offering lower-priced beds through wholesale channels.
The largest manufacturers sold the majority of their product through furniture stores and bedding specialty stores. Late in December, Select announced a strategic change in business operations and marketing. If we can do that by having slower sales growth but increasing profitability, that's the way we should go.
A slowdown in store openings, some store closures, deemphasis of the slogan 'the air bed company,' a new focus on technology, plus wholesale distribution comprised key elements of the new game plan.
The store openings pullback was of particular significance since rapid expansion had been a key part of the company's goal to overtake the four industry leaders. Select opened outlets in , 54 in , and 47 in A planned 45 openings were scaled back to 15 for Store closings and consulting fees contributed to the deficit. Comparable store sales rose an anemic five percent on the year versus 24 percent in Keeping a watchful eye on competition--big mattress makers were starting to roll out their own air beds--Select filed a patent infringement lawsuit against Simmons and the maker of an air bed with hand controls.
In early , the larger company agreed to end its licensing agreement for the product. Select held 24 issued or pending patents in the United States. During , Select planned to expand home delivery and assembly capability, continue the rollout of sleeper sofa products, remodel some existing stores, and possibly expand its online venues.
Cris Carter, a six-time pro-bowl player for the Minnesota Vikings, had signed an endorsement agreement--the company had used other sports figures for promotion in the past. Investors, shareholders, and management alike would probably be tossing and turning, waiting to see if the new plan would produce a check in the win column. Principal Competitors: Sealy Inc.
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