LEXINGTON, KY, October 23, 2018 – Tempur Sealy International, Inc. (NYSE: TPX) announced today the opening of its 25th Tempur-Pedic flagship retail store during 2018. The Company recently opened retail store No. 38 in Roseville, Calif., near Sacramento, featuring Tempur-Pedic, the most highly- recommended bed in America. Next scheduled to open is a new flagship store in Albuquerque, N.M., which is also home to one of the Company’s state-of-the-art Tempur-Pedic production facilities. The Albuquerque location is slated to open in the next few weeks, with the 40th store scheduled to open before the end of 2018.
The Company is now turning its attention to expansion plans for 2019 in order to reach even more consumers, targeting 60 to 80 Company-owned store locations by the end of 2019. As a part of this process, the Company is currently evaluating a number of markets and properties, and is in active negotiations with landlords of certain locations previously occupied by Mattress Firm, which recently filed for bankruptcy protection.
Tempur Sealy International, Inc. Chairman, President and CEO Scott Thompson commented, “The expansion of our Company-owned Tempur-Pedic retail stores supports our long-term objective to ensure that our products are properly represented in all channels in order to support how, and where, the consumer wishes to experience and purchase our products. Our Tempur-Pedic flagship locations have complemented our existing distribution channels by increasing brand awareness in local markets, with highly-trained brand ambassadors that provide consumers a best-in-class, educational experience in a very low-pressure sales environment. Customers can experience our complete line of innovative and supportive Tempur-Pedic products at a pace they are comfortable with to determine the product that best suits their personal needs.”