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BEDROOM Magazine: Yours is a privately
held, independent and family-owned business. How did your family get
into this business? Can you share some of the highlights of your
company’s history?
Michael Malkiewicz, President, Wickline
Bedding: “The company was founded during the Great Depression by
Roy Wickline. He managed the company operation until he was 77 years
old. With no heir apparent to assume his duties, he turned to my
father, Ray Malkiewicz, in the late seventies. My father was vice
president of Simmons in the 60’s and 70’s. The stresses of the
corporate world were beginning to weigh on my dad and he always
respected what the independent companies had. In 1978, Simmons was
sold to Gulf Western and planned to move the company back to New
York from Atlanta. Roy Wickline contacted my dad at about this time
and was ready to retire. He wanted the company to retain his family
business values and sold the company to my dad. At the time, my dad
was
also determined to preserve the company’s family atmosphere, so
he invited my brothers, Mark, Jim, his son-in-law Tony Colantono and
me to manage marketing, production and sales.
Presently, Wickline Bedding Company has
factories in Escondido, California (near San Diego) and in
Sacramento, primarily serving retail and contract customers
throughout the western United States. In recent years, I have served
as the president of the company and my dad is chairman of the board
of the family business. Mark plays a major role in sales and the
company’s substantial contract, or institutional business. Jim is
president of, and runs the Sacramento operation. And Tony is the
production manager, making it all happen.”
Jimmy Orders, President/CEO of Park Place
Corporation: “Having no more than a sixth grade education my
grandfather, J. B. Orders founded Orders Mattress Company in
November, 1931 during the depth of the Great Depression. He left
mining country in West Virginia and moved to South Carolina. He
created the business in a 50 x 100 foot building with no money, hard
work, long hours, himself and three employees and two pieces of used
machinery (a sewing machine and a blower for filling the
mattresses). He knew that people needed to sleep. Explaining why he
chose mattresses, J. B. said, ‘I know that no matter what happens
people would continue to sleep, and I feel they will buy good
mattresses’.”
“From the beginning, J. B. made a good
product. He built the company on a foundation of hand-crafted
mattresses, hard work and his personal integrity. He believed that
the public would be willing to pay for quality: ‘We never changed
this belief and never for a moment lowered the standards of our
bedding’. My grandfather limited his debt, paid it off, and his
philosophy was to make the best possible product, sell it for a fair
price and re-invest the profits in the business.”
“My grandfather and my father, James B. Orders
Jr., were the models of consistency. They built and expanded our
business over the years on personal faith, honesty, integrity,
quality and good stewardship of the resources of the company.
In 1934 my grandfather began making premium
innerspring mattresses. They also created the brand name Orderest®
following a contest won by C. D. Roper of Jones Furniture Company in
Greenville, SC which came up with the slogan, “In Order to Rest, Buy
Order’s Rest’.”
“My dad, James and my uncle, Bill joined the
company in 1948/1949. In 1951 the company introduced the extra firm
bedding line known as the Orderpedic. And in 1955 we marked a new
era by successfully introducing the new super-sized beds known as
queen and king-sized beds. For a brief period, the company had
franchises ranging as far as Maine; however, in keeping with J. B.’s
philosophy of concentrating ‘on doing a better job with the business
we have’, the company decided to really serve its regional customer
bases. We opened distribution centers in South Carolina and North
Carolina.”
“In December 1958, my father, James B Orders,
Jr. became president and COO. Under his leadership the factory, and
the business improved and grew. He expanded the business into the
institutional and industrial side creating a healthy contract
business. My father also saw the need to update and modernize, and
in response to market conditions, he instituted an incentive wage
system in 1972, and he oversaw the development of a carefully
planned computer data system based on an IBM System 3 in 1974. This
was one of the first projects that I was personally involved with
having recently joined the company.”
“My father had three sons; my brother John,
who is Vice President, my brother David who is VP/Administration and
myself. We became more and more involved with the company during the
1980’s and 1990’s. Some of the highlights of that period included
the research, investment in and subsequent launch in 1981 of
Comfortaire Corporation (the Original Airbed Company, which has
grown to serve over 500 mattress/bedding/home furnishings
retailers). I served as the President the International Sleep
Products Association (ISPA) from 1989-1990. In 1994 we officially
became the Park Place Corporation, and in 1997 we opened our new
150,000 sq. foot headquarters and mattress manufacturing plant on a
40-acre campus just off route 85 in Greenville, SC. Sadly my father
passed away in July 1997, but his values and inspiration have
remained with us, and today we are among the top 20 US mattress
manufacturers.”
“In recent years we have continued our active
role and leadership in the mattress industry. My brother David
served as Chairman of ISPA from 2005 to 2006. Park Place has focused
more and more on our mattress business providing leadership,
superior quality, and making bedding products with a story that
resonates with the consumer. Marketing a broad line of innovative
products under the store-is-the-brand label SLEEP THERAPY®
‘The Original No-Turn Mattress’, we have experienced considerable
growth and expansion over the past few years.”
Bob Naboicheck, President of Gold Bond
Mattress: “Gold Bond Mattress was founded in 1899 by my
grandfather, Isador Naboicheck, a Ukranian immigrant whose family
had a history in the bedding business. When they settled in the
Hartford, CT area, he utilized those old world skills, traditions
and values to build one of the finest mattress businesses in the
U.S. When my father joined the business, he took the company to the
next level, as I hope I have, and my son “Skip” who recently joined
the business, will do.”
“One thing has never changed; my grandfather’s
values, those of honesty, unflinching customer service and
uncompromised quality and value, still serve as the core of what
Gold Bond represents!”
“From day one Gold Bond began in the
innerspring mattress business using the finest quality materials and
hand-made construction techniques. Fine mattress and furniture
retailers were our primary customers, but we also had a bustling
business-to-business (or contract) market.”
“When futons emerged as a growing product, we
stepped boldly into the futon sector. With focus and dedication Gold
Bond became not only the largest futon mattress manufacturer in the
U.S., but one of the largest in the world. However, we continue to
focus on our roots, offering extremely high value and differentiated
mattress sets ranging in prices from $399 to $2,999. We offer a wide
selection of sleep sets. ranging from our luxury two-sided Premiere
Collection; our Visco/Latex Perfection and Natural Latex specialty
sleep lines, and most recently we have introduced our ‘Comfort
Collection Series’ to bring greater value for the $1000 and under
mattress market.”
BEDROOM Magazine: Do you or your family
have a specific business philosophy that you believe may be central
to your company’s success over the years?
Michael Malkiewicz: “My Dad always
instilled in us that we have a family first and then a business. If
the business were ever to disrupt the harmony of the family, then
it’s time to sell the business. Businesses come and go but families
are forever. We have also translated this family philosophy into a
personal way of working with our retailers. We treat them with the
same respect that we offer each other, as family members. It’s all
about relationships; it’s about relationships with your employees,
relationships with your suppliers, relationships with your customers
and a mutual respect among our family members. These relationships
are one of the reasons that we developed the concept of the ‘Sleep
Therapy’ program, as opposed to imposing the Wickline label on our
retailers. ‘Sleep Therapy is their brand, more than it is our
brand.”
Jimmy Orders: “Our business philosophy
is that the product and service we provide must be in the best
interest of each of our stakeholders, including customers,
associates, suppliers and stockholders. This philosophy has served
Park Place Corporation and its customers well over 75 years.”
“However we have an overriding philosophy of
stewardship guiding the company. We are stewards responsible for
managing and multiplying the resources we have been blessed with.
Therefore, it creates a business and personal philosophy that says
we need to manage our affairs with honesty, integrity, wisdom,
faithfulness and sense of humility, thankfulness and service.”
Bob Naboicheck: “I know that in today’s
business world talking about values may seem corny, but, that is
what differentiates us. We deliver on what we say, and we do so
consistently. That honesty, making good on our word is what
differentiates us from our competition. Our customers know they can
call me anytime with a problem.”
“We are personally involved. I still do much
of the dealer training myself! What other nationally marketed brand
offers that kind of continuous access? I do it because it is
essential for me to help our customers, both dealers and consumers,
to get the finest quality, the finest service, and the greatest
value from Gold Bond products.”
“We also have a corporate philosophy of giving
25-percent of our profit to charity each year. To us this means that
our success not only benefits our customers, retailers, our
employees and management, but also the communities where we do
business. We support senior citizen centers, food pantries, and
other community organizations.”
BEDROOM Magazine: How is this business
philosophy different from the competition? How does it distinguish
or differentiate your business?
Michael Malkiewicz:
“For the most part, our philosophies are the same as our
competitors. At the end of the day, we hope to have made some money.
Perhaps where we do differ is in the development of brands, such as
Sleep Therapy, which are geared to offer ‘the store is the brand’
product offerings. We place the needs and wants of our retailers up
front and create programs that work for them. We believe this
clearly separates us from the big national brands, who often
restrict product offerings and control the marketing message.”
Jimmy Orders:
“We view the assets we are given as being entrusted to us to manage
wisely to the best of our ability. In order to make these assets
grow and to have an excellent return on resources, people and time,
we have to take into account the needs of
all our stakeholders. If
you look at our Park Place Corporation Mission Statement it clearly
says that we are a company, ‘dedicated to growth through the
application of principled-centered leadership.’ It also says that,
‘We require superior financial performance to protect the
investments of (all) our stakeholders.”
“Being a privately held, family-owned business
we tend not to be highly leveraged like some of our competitors. We
can step away from the short term earnings perspective and actually
engage in longer term planning and goals that mean excellent returns
for all our stakeholders.”
Bob Naboicheck:
“Gold Bond is an independent company run by people with
‘mattress-making in their blood’. We’re mattress people, not
financiers or outside investors. We are not leveraged to the hilt
with private equity giants or shareholders demanding high returns on
investment—at all costs. We are in a position to run our business
differently, and allow us to work closely with our nearly 500
retailers to give them the right product mix, training and support.
We partner with those retailers to provide them with high quality,
superior-value products that are actually different.”
BEDROOM Magazine: Does this philosophy
reflect a company culture or values and how do these reflect on your
business? Your products? Your customers? Your employees?
Michael Malkiewicz: “When you have your
name on the product, there is a major sense of pride in the quality.
Roy Wickline entrusted his family name to us and we will carry that
name as if it were our own.”
Jimmy Orders: “I think what we’ve
already talked about . . . the values integrity, consistency,
honesty, best efforts, and serving as hard-working stewards to serve
the needs of our customers and the other people involved with our
business sums up our values and our culture.”
“In order to meet the needs or our employees
we’ve instituted an incentive program. One of the most pleasant
things I get to do is to hand out bonuses to those folks who have
given us outstanding performance and resulted in our growing and
doing well.”
“We encourage and appreciate leadership at all
levels within our company. We believe that if we take care of our
people, and encourage them to participate in our overall mission and
purpose, they in return will take care of our customers. We
encourage a culture where our associates use their judgment and
initiative to do this everyday in ways both large and small.
Bob Nabiocheck: Where the philosophy
filters down into the business is that we have a real passion for
what we do. The increasing consumer focus on sleep as a contributor
to healthier living continues to fuel volume sales. As more
consumers understand the importance of a good mattress for a
comfortable night’s sleep, they will look for greater value in the
mattresses they purchase, and from whom they purchase their new
sleep set. We want it to be Gold Bond!”
Many of our employees have been with us for a
long period of time . . . generations in fact. We help each other
like family. When one is having a tough time financially, we try to
do what we can to get him back on his feet. When an employee had a
mix up with the police years back and needed bail money, I
personally went to the jail to bail the employee out. The bail
bondsman, commenting on how “in the old days” it would be common for
business owners to help employees in this manner, could not remember
when the last time he had seen a business owner come in to help an
employee in need.”
BEDROOM Magazine: How do you see your
business, your products, as being different from national brands or
other larger or publicly-held companies?
Michael Malkiewicz: “As an independent,
we are not leveraged to the point where profitability is at the
expense of quality. Because we lack the brand awareness, we pretty
much stay focused on providing value. Consumers do not shop a
particular store because of the brands they carry. They shop that
store because they have a level of trust that that store will
provide a quality product at a fair price. And if they have a
problem with that product, the store is there to stand behind it.
Therefore the store becomes the brand.
Jimmy Orders: People and policies come
to mind. On the people side there is still an Orders (actually 3)
involved in the daily business after 75 years. There are not many
mattress companies left today where the lineage to the founder is
still active. Complimenting the family is a strong team of
non-family professional managers. Our policies position would always
be tempered by our mission statement which can be found at http://www.parkplacecorp.com/mission.asp.
In this regard we tend to be a little old fashioned in that we
believe a good deal needs to be a win/win rather than a win/lose. We
believe in the Golden Rule. If you were to graph a typical Park
Place relationship with our customers it would invariably start
small and grow for many, many years as our policy of quality
products and good customers service produces added value. “As I
stated earlier, as a smaller, privately held company, we can think
longer range. We don’t have to focus on short-term dividends only.
We can engage in future planning, innovation, creative product
development and offering a superior product for our retailer and the
consumer.”
Bob Naboicheck: We build strong,
personal relationships with our nearly 500 retailers, most of whom
are independent or family-owned businesses like ours with 1 to 4
stores.
These retailers are often getting less attention from the
larger brands than they deserve. We build partnerships, putting our
retailers’ needs first. We offer them the right number of SKU’s, the
right mix and the lines they need providing them with high-quality,
superior-value products that are different. Rather than focusing on
paying down debt or our financial and business goals, we focus on
our customer’s needs from product development to pricing marketing
and support.”
BEDROOM Magazine: Describe your retail
customers. What distinct advantage do you feel you offer your
customers and prospective customers?
Michael Malkiewicz: At Wickline, we
pretty much focus on selling furniture stores. We do not mass
distribute our products so we can identify a strong retailer in any
given area and partner with him to provide an exclusive product. It
boils down to margin for the retailer and with our mattresses,
margins are held.
Jimmy Orders: “Depending upon whether
you are talking about Park Place Corporation or Comfortaire, we
reach out and serve a broad range of furniture stores, department
stores, sleep shops, and specialty sleep shops from small mom and
pop dealers to larger branded retailers. We work closely with them
to offer them innovative products that address the needs, wants and
desires of their customers. As Edwin Shoffner, our Vice President of
Sales likes to say, ‘We offer our retailers something beyond the
traditional rectangular bed with the Sleep Therapy line.’”
“Park Place Corporation also offers
consistency and stability to our retailers. We have been around for
many years, we are stable, and we build long-term relationships with
our dealers’ needs in mind. As we state in our Mission statement,
‘We are committed to meeting the needs of our customers with quality
products and prompt, courteous service’.”
Bob Nabiocheck: “As I explained
earlier, we place the needs of our smaller retailers first and give
them what they need to have a really successful and profitable
bedding program. So for example you will see thick, rich and plush,
two-sided mattresses in our high end line. You’ll also see some of
the latest comfort technologies incorporated into our new $1000 and
under Comfort Collection line. A customer walking into one of our
nearly 500 dealer locations will be able to differentiate the Gold
Bond brand because of the look of our line-up by seeing both the
plush profile of many of our SKU’s, and also the wonderful European
imported fabrics we use to create a clearly differentiated ticking.
We are bringing more value to our mattresses priced under $1000 to
increase customer satisfaction, sales volume and market share for
Gold Bond and our retail partners.”
“We continue to improve our service and
delivery capabilities. As the company has grown, Gold Bond has
devoted our resources to quickly reaching our retailers. Our
customer relationships and direct customer service is without doubt
one of the real points of differentiation for Gold Bond. Because I
am, as the principal of the business, so intricately involved with
our dealer service and client relationships, many of the problems
that occur with other mattress companies do not occur at Gold Bond.
I’ll hop a plane or drive to a customer and inspect the product or
discuss the problem face-to-face. We find that that commitment
translates into a very strong bond not only between the consumer and
the retailer, but also back to Gold Bond. Our dealers know that we
will take care of them and their customers. They know that this
pledge and commitment comes from me as the head of the company.”
BEDROOM Magazine: Tell us about your key
products. Are there any specific features, benefits and attributes
that you are proud of and you feel offer something different,
beneficial and/or exciting for the retailer and the consumer?
Michael Malkiewicz: “Our flagship trade
name is definitely Sleep Therapy. Wickline ‘Sleep Therapy’ series is
the original No-Turn® mattress designed to never require
flipping. Our family proudly believes that our unique No-Turn Plus
design is the best one-sided mattress on the market. My dad likes to
point out that we have put over eighteen years in extensive research
and development and over fifty years of sleep experience to create
the Sleep Therapy program. Not to brag or boast, but we developed
this No-Turn concept 27 years ago and have been offering No-Turn to
our retailers since 1980.”
“Sleep Therapy for 2007 will see us return to
foam encased TriZone and Five Zone pocketed coil. All models feature
stretch fabrics and a unique hand-tailored tack and jump border with
8 Euro-Tac handles. This is by far the best of Sleep Therapy in our
58 years. It has everything you could want as a retailer: the look,
the feel, the price, the margin and the marketing. Retails start at
$599Q-1299Q.”
“We are particularly pleased with the design,
creation and the marketing of specialty products developed and
offered under the Sleep Therapy brand by the folks in the East
Coast. We also expect to be marketing the Sleep Therapy Wellness
Collection, in conjunction with these other independent
manufacturers. We are incorporating some of the latest natural and
synthetic sleep components into the Wellness Collection line, to
offer consumers health, wellness, comfort and unsurpassed value for
their dollar.”
Jimmy Orders: “Right now with our new
Sleep Therapy Wellness Collection we are offering perhaps the most
unique, powerful and beneficial line of bedding we’ve ever offered,
for price retail points from $999 to $1999 for queen size sleep
sets. These seven innovative mattresses focus on the consumer’s
health and wellness, each one with its own unique story. The seven
in the Wellness Collection are:
≈
Aloe Therapy with a therapeutic sleep
environment;
≈
Cool Therapy offering cool and
comfortable sleep;
≈
Eco Therapy with natural bamboo
yarn;
≈
Heat Therapy reduces overheating
and perspiration;
≈
Magnetic Therapy reduces pain;
≈
Oxygen Therapy ideal for active
lifestyles;
≈
Aroma Therapy offering soothing
relaxing aroma of lavender.
Each of these beds contains the latest in
sleep component technologies and construction geared to offering
better health and wellness. These products have been extremely well
received by both consumers and our retailers. They represent an
important part of the growth we have experienced in the past few
years, and we are optimistic about their future growth potential as
well.”
Bob Naboicheck: “We’ve already
discussed our luxury, high-end two-sided mattresses and the latest
comfort technologies in our new under $1000.-line. However we
continue make innovations where the consumer will easily perceive
it. We still use steel edging to support a mattress, unlike our
competitors who use Sytrofoam. Our box spring construction is also
far superior to competitive products, offering the right level of
support for the bed system. We do not cut corners, and we give the
retailer a different product line-up to sell and provide excellent
value to the consumer.”
BEDROOM Magazine: What are some of the
unique or unusual marketing, customer training and merchandising
programs you have offered your retailers?
Michael Malkiewicz: “In terms of
unique, we were the first company to ever offer a non reversible
mattress. That was 1982. In the early 90’s we actually considered a
visco type product. For better or worse, we chose to stay with
innerspring products at the time. 1996 saw Country Nights. Country
Nights opened more doors of opportunity than any program we ever
created. Country music stars such as Alan Jackson, Neil McCoy, Faith
Hill, Holly Dunn, Terry Clark and ATLANTA worked with us on a
regional basis. In 2006 and 2007 Sleep Therapy will continue it’s
‘wellness based’ marketing theme. We have had tremendous success
selling this program because the demographics support this concept.
Baby boomers are getting older. They want more out of a mattress
than just comfort. They want a mattress that will promote health and
wellness. The added value of wellness is what has made Sleep Therapy
a remarkable value.”
“We also give back to the community. We are
strong supporters of the US military. We provide funding to The
Clara Barton Center for Juvenile Diabetes Research and have just
partnered with Avon Cosmetics and the Avon Foundation supporting
breast cancer research and access to care.”
Jimmy Orders: “Our sales and marketing
team are currently in the process of upgrading and introducing seven
new point of sales pieces on this new Sleep Therapy Wellness
Collection. We also have in-store sign or gallery presentations for
the Sleep Therapy line, including signs that promote the fact that
Sleep Therapy is the ‘Original No Turn Mattress’. We provide our
retailers with all the back up product information they need to sell
this exciting new line up.”
Bob Naboicheck: “Because of the close
working ‘partnership’ strategy of working with smaller independent
retailers, we play a far more critical role in helping our retailers
succeed. From individually prepared POP displays, labels, signs, to
our website, we are regularly improving our offering in this area.
Training is probably the most unique, as I myself still try to get
to every new customer to assure that their sales associates
understand our products, how they are different, how they offer
value and satisfaction to the customer, and how to sell a Gold Bond
mattress and box spring.”
BEDROOM Magazine: If you were to sum up
everything we’ve talked about in a relatively simple statement, what
would you tell BEDROOM Magazine’s sleep retailers?
Michael Malkiewicz: “Wickline Bedding
Company is a company of integrity, honesty, and value. Our own
employees accuse us of thinking with our hearts and not our heads.
In order to survive in this business, one must establish
relationships and continue to nurture them. That includes
relationships within your family, employees and customers.”
Jimmy Orders: “Whether it be Park Place
Corporation (Sleep Therapy) or Comfortaire Corporation, bedding
retailers doing business with us can expect quality products, as
well as prompt and courteous service tempered with a personal
relationship with people who have been making mattresses for 75
years and hope to be doing so for another 75 years! We love what we
do . . . and it shows!
Bob Naboicheck: “A dealer doing
business with us can rest assured that my grandfather’s values,
those of honesty, unflinching customer service and value, still
serve as the core of what Gold Bond represents today!”
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