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The pocketed coil is the basis for the Simmons Beautyrest mattress brand, which was introduced in 1925. [6] Although the new manufacturing technology greatly reduced its cost, at the time of its introduction a Beautyrest mattress sold for $39.50, three to four times more than the typical price for a standard wire mattress. [ 7 ]
In 1925, Simmons produced the Beautyrest mattress, for which the company is best known. It was sold at three to four times the cost of wire mattresses at the time for $39.50 (equivalent to $686 in 2023) and four years later had sold more than $9 million (equivalent to $159,697,674 in 2023) of the mattresses.
The increase in facilities worldwide coupled with the release of the Beautyrest mattress created monumental gains for The Simmons Company. In 1917 the company's total sales were $14,848,998.23 [ 22 ] by 1925 sales grew to $32,684,279.30.
The Alamo Plaza Hotel Courts brand was the first motel chain in the United States, [1] [2] founded by Edgar Lee Torrance in Waco, Texas, in 1929. By 1955, there were more than twenty Alamo Plazas across the southeastern U.S., most controlled by a loosely knit group of a half-dozen investors and operating using common branding or architecture.
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A quarter-point cut would bring the federal funds rate down to a range of 4.5% to 4.75%. The short-term federal funds rate is the interest rate used for overnight loans among banks but it plays a ...
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