Day: September 18, 2020

Mattress sales soar in lockdown, Business Matters finds out how

With staggering sales, one marketplace that has literally boomed during covid is the ‘bed-in-a-box’ mattress concept. As business owners it’s important to understand the strategies they’ve employed to begin, capitalise and maintain epic rates of growth. 

I’ve spoken to some of the top providers in the marketplace to understand how they’ve managed to adapt and conquer despite rigorous changes to their systems to ensure their business model could survive the sheer rise in mattress demand spurred on by the virus. Ready to take notes?

So how did lockdown effect the data and trends of buying mattresses?

Simba Sleep found that data from their consumer sleep app, used nightly by 50,000 people in the UK alone revealed that people were wrestling with their sleep in lockdown. This level of stress could be one of the reasons for the upturn in sales. People have been searching for self-care solutions at a time

Read More

Sharp fall in airlines, pubs and restaurants shares as fears of second lockdown grow

Some of Britain’s biggest travel and leisure companies retreated sharply this morning as the government confirmed that it was considering a second national lockdown.

The number of new coronavirus cases is doubling every seven to eight days, and Boris Johnson and his team are mulling the reintroduction of tougher restrictions. Matt Hancock, the health secretary, said that the government would do “whatever is necessary to keep people safe”.

Travel and leisure companies bore the brunt of the first lockdown, with many starved of income for months. Investors, wary of a repeat, were quick to ditch airlines, pubs groups and restaurant owners this morning.

IAG, the British Airways owner, dropped 12¾p, or 9.9 per cent, to 116¾p; shares in Restaurant Group, Wagamama’s parent, fell 3½p, or 6.2 per cent, to 52½p; and JD Wetherspoon, the no-frills pub chain, was marked down 39p, or 4.5 per cent, to 822½p.

Banking stocks

Read More

Ericsson to buy Cradlepoint for $1.1 bln

Swedish Ericsson will buy U.S. wireless networking services provider CradlePoint for $1.1 billion to advance its 5G capabilities.

Helena Soderpalm and Supantha Mukherjee reported the news for Reuters:

Ericsson ERICb.ST has agreed to buy U.S.-based wireless networking company Cradlepoint in a $1.1 billion deal, the Swedish telecoms gear maker said on Friday.

The deal, Ericsson’s largest in more than a decade, would give it access to tools that can connect devices using the so-called Internet of Things over a 4G or a 5G network.

“We think this will give our customers a chance to generate new income sources within the enterprise segment,” Ericsson finance chief Carl Mellander told Reuters.

Bloomberg’s Charles Daly wrote:

Ericsson, Nokia Oyj of Finland and China’s Huawei Technologies Co. are locked in intense competition to supply 5G technology that’s increasingly been caught up in a global political battle. Borje Ekholm, the chief executive of Ericsson,

Read More