Tempur Sealy Spikes on Report Mattress Firm to File Bankruptcy Soon1

Tempur SealyInternational Inc. (TPX -Get Report)
Stocks rose nearly 11% on Wednesday, October.
Rival mattress companies are planning to file for bankruptcy soon, Reuters reported.
Mattress Company is the largest mattress retailer in the country with about 3,000 bricksand-
Although the company\'s market share has been losing to online rivals in recent years.
Tempur Sealy pulled its Tempur-
Mattress Company stores launched Pedic products last year.
Mattress company recently said in a public lender update that \"ineffective brand marketing\" is one of its key strategic issues.
The company also noted that it is undergoing a shift in supplier relationships and \"sales decisions that have a negative impact on profitability.
\"There is also Tempur Sealy from Amazon. com Inc. (AMZN -Get Report)
It may also be the beneficiary of the upcoming integration of the mattress industry.
Amazon recently launched the AmazonBasics memory foam mattress as a private label option for mattress shoppers.
Amazon\'s mattresses are available in double, full, queen, king and King of California sizes, starting at $130.
Amazon works with other companies such as Casper, Leesa, Yogabed and Purple to gain market share from mattress companies.
Amazon is the holding company of Jim Kramer action alert and member club.
Would you like to receive a reminder before Jim Kramer buys or sells Amway?
Learn more now.
Want to buy a $1 Stock for 90 cents or less?
You can do that. called \"closed-
Mutual fund-
Investment courses that are often overlooked
Click here to sign up for a free online video with Robert Powell, a retired expert at TheStreet and an all-in-one
Star panel will tell you all you need to know.
This webinar is hosted by Nuveen.