International Bedding Demonstrating Excellent Growth And Progress In 2009
Ft. Lauderdale, Florida – April 27, 2009 – Despite today’s challenging economic environment, International Bedding reported that first quarter results were well ahead of budget. This positive trend can be attributed to several factors including the growth of sales and market share with the company’s major retail partners. Additionally, the introduction of the new IB Classic Collection of value priced, fashion forward mattresses featuring a wide range of comfort choices as well as the integration of environmentally safe, natural bedding technologies has enabled International Bedding to consistently outperform the industry.
The members of the senior management team recently celebrated their one year “team” anniversary. This time together has resulted in increased teamwork and productivity throughout the organization. As a result, IB has achieved improvements in manufacturing efficiency, product quality and dealer service. These improvements have enabled the company to strengthen its position as an industry leader in product quality, value and consumer satisfaction. The benefit of these improvements is being realized by IB retailers as they enjoy increasing sales, high retail margins and low return rates.
IB recently introduced its “Classic Collection” national bedding line with value price points starting at $199 for a queen set. Most models feature a fully foam encased innerspring support system, premium foam comfort layers and upscale, designer fabrics. Additionally, IB has expanded its Origins specialty bedding line with the new Genesis latex beds and the Luminous visco beds which deliver high retail margins at price points ranging from $799 to $1199.
IB is also committed to addressing environmental and ecological resource issues in its day to day business operations as well as in the end products they present to retailers and consumers. The company is working in partnership with its vendors to expand its use of natural, renewable and earth friendly bedding components. IB recently incorporated soy into all foam core products which are PBDE and CFC free and fully recyclable. The use of organic cotton and bamboo fabrics is also being increased and more natural latex products that use less petro chemical based synthetic latex will soon be added to the company’s product portfolio.
About International Bedding Corporation
With 2008 net sales in excess of $150 million, International Bedding is a top 10 U.S. manufacturer of quality sleep systems with six wholly owned manufacturing facilities across the country. The company is dedicated to exploring innovative and bold ideas while maintaining a steadfast commitment to utilizing only the highest quality raw materials. International Bedding designs, manufactures and distributes the finest sleep systems in the world from low cost velocity products to state of the art ultra premium collections. The company has built a reputation for manufacturing high quality, high value limited distribution brands such as Europa, Miralux, Origins, the IB Classic Collection, and AmericanPedic.
Corporate headquarters are located at 6434 NW 5th Way, Ft. Lauderdale, FL 33309. Telephone (954) 491-1002. For more information on International Bedding or its sleep systems, visit www.ibcgroup.com. International Bedding and the International Bedding logo are trademarks of International Bedding.
Media Contact: Eric Johnson
Telephone: 623-478-7688
Email Eric Johnson
For Immediate Release
