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Inflation takes a toll on premium mattress sales
Reuters 04/28/2022Rising inflation is cutting into sales of premium mattresses in the U.S., which have fared well since the beginning of the novel coronavirus pandemic. “Inflation was high, gas prices increased – so the overall macro coupled with lower consumer confidence domestically is essentially causing the slowdown in a lot of these big-ticket discretionary items,” UBS analyst Atul Maheshwari said.
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