ALEXANDRIA, Va. – The South continues its strong performance in the bedding marketplace, a new bedding report says. The International Sleep Products Assn.’s 2018 Mattress Industry Trends Report says that shipments of U.S.-produced bedding units to the Southern region grew at a faster rate than did shipments to the other regions.
ISPA tracks the performance of bedding shipped into the four major regions in the country: the South, the North Central states, the Northeast and the West. Mattress units shipped to the South jumped 6.2% last year, while the dollar value of those shipments increased 2.0%, the ISPA report said.
Overall, mattress and stationary foundation units shipped to the South were up 3.6% last year, while the dollar value of those shipments increased 2.3%.
Total mattress and stationary foundation shipments were down in the Northeast, where units dropped 8.4% and dollars were down 6.8%, in the North Central states, where units were down 9.6% and dollars dropped 7.4%, and in the West, where units were down 4.3% and dollars were down 0.2%, the ISPA report said.
Bedding shipments to the South account for almost half of all bedding units produced in the U.S., ISPA noted.
ISPA officials noted that shipments to the Southern region usually do well and have grown in dollar value in four of the past five years, based on total sales of mattresses and stationary foundations.
In those five years, the South finished first among the four regions in total dollar performance twice, was second twice and finished fourth just once. The unit performance for shipments to the South has seen similar trends, ISPA officials noted.
Why do shipments to the South generally perform so well? ISPA President Ryan Trainer has some thoughts on that. “Population growth is one reason why the South usually performs well compared to other regions,” he said. “U.S. Census data shows that the South’s share of total U.S. population has grown each year from 2010, all at the expense of the Northeast and Midwest. The West has also grown consistently during those years.”
Trainer added: “Those newcomers need beds, and that is reflected in the strong numbers ISPA is reporting for the South.”
This article has been aggregated from furnituretoday.com and they maybe/are the copyright owners of the same. If you are the Author/Copyright owner of this article and want us to remove the same then send an email to email@example.com so that we can delete it immediately. We sincerely regret and apologies for any inconvenience caused to you due to the same. Though it is your decision but please take note that the link to your website and the article have been given above, within and on the bottom of the article.