Mattress Prices May Go Higher
This news may strike homemakers and consumers as bad news. But with worldwide economy still not being able to recover and most prices of materials doing up, this perhaps doesnt come as a surprise anyway.
According to Furniture Today, mattress prices may rise as production cost and materials also increase. With so many brands coming out with their latest lines, expect to see this happening in the whole of the bedding industry for 2011.
An excerpt from the news:
We are anticipating that the bedding industry will see inflation on material costs during 2011 similar to other industries, said Jodi Allen, chief marketing officer at Sealy. The bedding industry will be forced to deal with these higher costs and at this stage, a price increase has to be part of the consideration. We will continue to monitor the situation closely at Sealy to determine the options available to us and the specific actions required.
We are seeing price increases on most all fronts, said Kurt Ling, CEO of Pure LatexBliss, a supplier of latex beds. All increases are significant with some extraordinary. The largest price increases we are seeing are the price of latex (natural formulation and even more so the all natural formulation) and freight. Some are as much as 20%, where other materials are up more in the 7% range.
Companies are coming up with other measures to avoid the increase but it seems there is no other way around it.
You can read the full report here.
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