Tempur Sealy Says Online Bedding Sales Soared 125% in the Second Quarter
Mattress giant Tempur Sealy (NYSE: TPX) said the second quarter is turning out alright after all as sales are only expected to be down 15% year over year for the period, compared to the 80% plunge in order sales experienced at the start.
Bedding orders rebounded sharply in May and the beginning of June following the disastrous April the company experienced. While the strong growth is geographically broad, due to a recovery in the wholesale channel, Tempur Sealy's e-commerce channel is seeing phenomenal growth, with sales up 125% so far in the quarter.
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Source Fool.com
