Mattress maker sees strong online growth in the UK

The UK and Ireland division of Tempur Sealy International has reported sales growth of almost £10m as turnover surpassed £50m.

According to its latest filed accounts for the year ended 31 December 2021, total Tempur UK sales rose 24% to £51.1m from £41.2m in 2020.

Gross profit decreased from £10.9m to £10.2m, while pre-tax profit resulted at £2m, down from £3m recorded the previous year.

Stated within its report, the company said that the business was impacted during Q1 due to the Covid-19 restrictions but saw its online sales perform well, representing 21% of revenues during this period. Consumer demand for its products then returned strongly post lockdown.

For the year, Tepmur said that its home products segment grew 23%, while total online sales rose 29% and direct-to-consumer sales rising by 13%. However, its own stores sales declined by 3%, with the company closing two stores permanently during the year, which were in Wembley and Hatfield.

During the period, the Tempur UK acquired beds retailer Dreams, which continues to operate as an independent business with the company keeping an ‘arm’s length relationship’ in the market.

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