iSAM Funds UK Ltd bought a new stake in Tempur Sealy International, Inc. (NYSE:TPX – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,376 shares of the company’s stock, valued at approximately $567,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of Tempur Sealy International by 750.9% in the 3rd quarter.
UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after purchasing an additional 413 shares during the last quarter. Brooklyn Investment Group bought a new stake in Tempur Sealy International during the third quarter valued at $27,000. Signaturefd LLC grew its holdings in Tempur Sealy International by 35.1% during the 2nd quarter.
Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after acquiring an additional 255 shares during the period. Truvestments Capital LLC bought a new position in shares of Tempur Sealy International in the 3rd quarter worth about $48,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in shares of Tempur Sealy International during the 2nd quarter valued at about $56,000. Institutional investors and hedge funds own 99.86% of the company’s stock.
Global mattress market to reach USD 80.41 billion by 2032
Global mattress market size was valued at USD 47.86 billion in 2024 and is projected to reach USD 80.41 billion by 2032, with a CAGR of 6.70% during the forecast period of 2025 to 2032, says Data Bridge Market research.
The increasing demand for hybrid mattresses is projected to drive the market’s growth rate during the forecast period. A hybrid mattress has a comfort layer on the top and is also layered with springs. The comfort layer would contain cooling gel, latex, polyfoam, and memory foam. For instance, Casper Sleep Inc. New York-based company, provides a hybrid mattress that includes memory foam, comfort foam, a transition layer with pocketed coils, and Zoned Support.
Lifestyle inflation has become a common occurrence among upcoming generations, and there has been a continuous rise in expenditure with increasing incomes. According to the research of the Federal Reserve Bank of New York, lifestyle inflation was expected among low-income, middle-income, and high-income individuals in September 2019. Lifestyle inflation coupled with increased awareness regarding mattresses are expected to drive the market growth rate.
Furthermore, the growing population, increasing availability of all types of mattresses, and rising prevalence of multifunctional beds are other indirect factors for the growth of the mattress market.
ACB announces strategic partnership with Serta Simmons Bedding
The Advertising Checking Bureau, Inc. (ACB), a leading solutions provider of consumer rebate and sales incentives services announced a strategic partnership with Serta Simmons Bedding (SSB), one of the world’s leading sleep companies.
The partnership between the two organizations is designed to revolutionize and optimize the Serta Simmons Bedding existing Spiff Program, which rewards SSB Retail Sales Associates (RSAs) for selling eligible products to consumers at retail store locations. The new SSB Rewards Program, which officially launched in late June, has already experienced tremendous growth, both in terms of participant adoption and satisfaction.
“Serta Simmons is pleased to partner with ACB on our SSB Rewards Program,” said Chris Geruso, Vice President, Sales Activation & Pricing Analytics at Serta Simmons Bedding. “ACB has managed a smooth transition of our program from our previous supplier, ensuring satisfaction for our RSA participants. We look forward to ACB’s continued guidance and expertise as we look for new ways to transform and elevate our program.”
“We are honored that Serta Simmons has entrusted ACB to manage the SSB Rewards Program on their behalf,” said Charlie Farah, Vice President of Business Development at ACB. “As our partnership continues, our top priority will focus on their success and the ongoing support of SSB’s RSA program participants.”
The ACB solution includes an online program resource that offers configurable processes, customized reporting, payment services, and dedicated customer support.