Tempur Sealy, guangzhou office furniture supplier, which held off on price increases last year, announced “commodity driven” price increases that will go into effect on March 6.
The increases will impact all Sealy mattresses, all Stearns & Foster mattresses, Tempur Pedic Cloud Supreme Breeze mattresses, and Tempur-Pedic flat foundations, said Steve Rusing, senior vice president of U.S. sales for Tempur Sealy.
“Major component raw material costs for foam, steel, upholstery and wood have increased significantly in the last 24 months, and are expected to rise further in 2018,” Rusing said in a recent letter to the company’s dealers. “While Tempur Sealy has avoided a price increase up to this point, through its own productivity initiatives and cost controls, these actions alone are not enough to offset rising costs. Thus Tempur Sealy is instituting a price increase to offset commodity increases so that we can continue to invest in our products and marketing efforts.”
Sealy and Stearns & Foster queen-size sets retailing for $1,899 and below will see a wholesale price increase of $25 and a retail increase of $50. Sets retailing for $1,900 and above will see a wholesale price increase of $65 and a retail increase of $150, the company said.
Tempur-Pedic Cloud Supreme Breeze mattresses will see a wholesale price increase of $90 and a retail increase of $200. Tempur-Pedic twin flat foundations will see a wholesale price increase of $15 and a retail increase of $25, while Tempur-Pedic full and queen flat foundations will see a wholesale price increase of $25 and a retail increase of $50, China office sofa manufacturer Rusing said.