https://www.retaildive.com/news/purple-innovation-factory-closures-layoffs/725228/
1 reply
- Mattress maker Purple Innovation is closing two manufacturing sites in Salt Lake City and Grantsville, Utah, and consolidating operations into its McDonough, Georgia, facility, the company announced last week.
- The consolidation into the Georgia plant is expected to be complete by the end of the year, while the Utah factories are slated to close by the end of Q1 2025.
- The company also laid off an unspecified number of corporate positions at its Lehi, Utah, headquarters earlier this month, according to a securities filing. The cost-cutting moves are expected to save the maker of GelFlex Grid mattresses between $15 million and $20 million in EBITDA next year.