Somnigroup International (SGI) provided an update with respect to the company’s U.S. retail operations at Mattress Firm. Mattress Firm is the largest mattress specialty retailer in the U.S. The company announced that Mattress Firm has signed supply arrangements with two leading bedding manufacturers. Mattress Firm has entered into supply arrangements with Purple Innovation (PRPL) and Leggett & Platt (LEG). These arrangements are for distribution and development of mattresses, foundations and other bedding related products across a range of price points that are consistent with Mattress Firm’s customer focused merchandising plan. The expanded assortment of products is expected to be available at Mattress Firm starting in late 2025 and 2026.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SGI:
- Purple Innovation expands relationship with Somnigroup
- Somnigroup names Kindel Nuno chief human resources officer
- Somnigroup price target lowered to $68 from $70 at Piper Sandler
- Somnigroup reinstated with a Neutral at Goldman Sachs
- Somnigroup International: Balanced Growth Potential Amid Market Challenges and Strategic Caution
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue