Select Comfort's Sales Fall Short

MINNEAPOLIS-Select Comfort will likely miss its internal goals for its fiscal first quarter after a below-plan February sales performance, according to a preliminary statement from the mattress manufacturer/retailer.

Shelly Ibach, Select Comfort's president and CEO, said the shortfall is "a short-term issue associated with accelerated changes made to our media-buying strategy, and we are making the necessary corrections to both media buying and near-term expenses. We remain confident in our growth formula and are committed to our strategy of delivering an unparalleled sleep experience for our customers."

Select Comfort also said it would release its first-quarter results on April 17.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

Current Issue

  • HFN May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money