Serta Simmons merges with rival in bid to boost e-commerce biz

Serta Simmons, the nation's largest mattress maker, is trying to reverse declining sales by merging with a rival in the red-hot bed-in-a box sector as the company announced the deal to acquire Tuft & Needle on Tuesday. Tuft & Needle will help Serta, which sells mostly in physical stores, accelerate an e-commerce business. The move...