|
In order for
such a campaign to be fair to all it cannot allow 'free riders,'
Simmons will support this effort only if 75% of the industry,
based on dollar value, supports the campaign and all are
involved in ISPA as members.
Charlie Eitel, CEO of the Simmons Bedding Company
Building on last month's gathering of leading mattress
manufacturers (see
story), retailers and suppliers at the ISPA Mattress
Industry Leadership Summit, ISPA's Board of Trustees has
approved moving forward on three major initiatives that are
designed to grow the market for new mattress sales.
These initiatives include formation of a Mattress Retailer
Council within ISPA, development of a National Marketing
Campaign and establishment of a National Sustainability
Initiative for the industry.
The National Mattress Industry Marketing Campaign will build
awareness among consumers of the important role new mattresses
play in improving sleep, health and quality of life. The Board's action
called for moving forward with a structure, process and timing
for developing specific recommendations on all phases of an
industry marketing campaign. A leading consulting firm whose
principals were responsible for the "Got Milk" and "Rediscover
Plastics" industry marketing campaigns has been engaged to
support ISPA's efforts.
"In order to help launch this important campaign Simmons will
accrue $2 for every foundation that it sells, effective January
1, 2009," said ISPA Chair Charlie Eitel, CEO of the Simmons
Bedding Company. "This will produce an annual contribution to
the campaign of approximately $5 million, and we are committed
to support this for at least five years" Eitel continued.
"However, in order for such a campaign to be fair to all it
cannot allow 'free riders,' Simmons will support this effort
only if 75% of the industry, based on dollar value, supports the
campaign and all are involved in ISPA as members."
ISPA's Board approved moving ahead with the formation of a
Mattress Retailer Council within the association. This Council
will provide an ongoing forum for interaction among mattress
retailers, manufacturers and suppliers on issues of importance
to the overall mattress community. The governance structure of
ISPA will remain the same, but this new Mattress Retailer
Council will provide an important link among all sectors of the
industry. The nine major mattress retailers that participated in
last month's Leadership Summit are being asked to join the
Council as Founding Members. Membership in the Council then will
be extended to the broader mattress retailer community.
Lastly, the ISPA Board approved moving ahead with a National
Mattress Industry Sustainability Initiative, critical aspects of
which will be to improve the public's perception of the mattress
industry and to enhance existing efforts to reduce the
environmental impact of used mattresses. Among other things,
ISPA members will work with mattress retailers and scrap
recyclers to reduce our industry's "footprint" on landfills and
improve the recycling of used mattress materials. Disreputable
sales of improperly renovated mattresses, in which used
mattresses are recovered and sold as new products to
unsuspecting consumers, will be dramatically curtailed as well,
thus opening the door for new mattress sales.
"The key to this endeavor's success is full retailer
participation, an adequate and reliable supply of used
mattresses, and an efficient and comprehensive dismantling
system, all of which are attainable," according to ISPA
President Dick Doyle. "The technology exists and the will to
succeed is there."
The Board approved initiatives will be crafted over the next
three months. Specific recommendations then will be brought back
to the ISPA Board for approval this summer. Each has an impact
on broadening the market for new mattress sales. Together they
represent a major opportunity for all segments of the mattress
industry and a positive development for consumers.
|
RTO Online is the official channel for Rent-to-Own Industry News and the
only independent source of news for the rent-to-own, rental-purchase,
lease-purchase trade. RTO Online (Rent to Own Online) represents the choice
of the entire RTO Industry for trusted information, as it happens. |
|
Tell us what you think
Rate the article at the top of this page |
|
|
|
|