Tempur Pedic International (TPX)

Some more clues to the economy from Tempur-Pedic International (TPX) on its recent conference call.

"We saw a definite slowdown, and this was reflected in our retail accounts feedback that we received as well in terms of traffic. But from Black Friday on, throughout December and the Christmas season, there was definitely a slowdown in comparison to the early part of the quarter."

"We did not see a trade down. If anything, we might have seen a little trade up. But essentially, we saw business just kind of slowdown a little bit at the back half of the quarter. And we had the top end of the business continue to do fairly well. The lower end of the business did fine. But if anything, there may have been a little trade up."

"January as you know we’re seeing ongoing business levels that are decent. It’s not the big surge of demand that we saw last year going into January, but we’re seeing decent levels of business and all that’s been factored into our guidance ranges."

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