Steinhoff outlines US strategy post Tempur-Sealy

摘要

Stellenbosch, South Africa - Steinhoff International saw a 5.9% fall in like for like sales at its Mattress Firm brand in the US after it broke of a supply deal with Tempur-Sealy. The numbers can be found in Steinhoff's 2017 half yearly report. This said it its US Mattress Firm business had revenue of $1.5bn and made an operating profit of $69m, a margin of 4.5% in the six-month period.