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Sleep Number

U.S. manufacturing company

Sleep Number

Summary

U.S. manufacturing company

FieldValue
nameSleep Number Corporation
logoSleep Number.svg
logo_size250px
imageSleep Number Miamisburg OH USA.JPG
image_captionA "Sleep Number" store in Miamisburg, Ohio
image_size250px
typePublic
former_nameSelect Comfort (1987-2017)
traded_as
key_peopleLinda Findley (CEO)
founders{{Plainlist
founded
hq_location_cityMinneapolis, Minnesota
hq_location_countryU.S.
num_locations579
num_locations_yearDec. 2018
industryRetail
area_servedUnited States
productsAdjustable mattresses and bedding
brandsSmart Bed
revenue$1.856 billion
revenue_year2021
operating_incomeUS$184 million
income_year2021
net_incomeUS$139 million
net_income_year2021
assetsUS$930 million
assets_year2021
equityUS$175 million
equity_year2021
num_employees5,515
num_employees_year2023
website
footnotes
  • Robert "Bob" Walker
  • JoAnn Walker

Sleep Number Corporation is an American manufacturer that makes the Sleep Number and Comfortaire beds as well as foundations and bedding accessories. The company is based in Minneapolis, Minnesota. In addition to its Minnesota headquarters, Sleep Number has manufacturing and distribution facilities in South Carolina and Utah.

A Sleep Number retail store in [[Knoxville, Tennessee

History

In 1980, the category of adjustable air-supported sleep systems was invented by a private company, Comfortaire Corporation of South Carolina. Robert Walker left Comfortaire and he and his wife, JoAnne Walker, formed a new company in 1987 called Select Comfort.

Select Comfort acquired the Comfortaire Corporation in January 2013. In March 2017, Select Comfort closed its Comfortaire third-party retail business. In November 2017, Select Comfort Corporation changed their corporate name to Sleep Number Corporation.

The company's TV commercials used to feature actress Lindsay Wagner. Other endorsers include conservative radio talk show hosts Glenn Beck, Paul Harvey and Laura Ingraham. Rush Limbaugh also previously advertised the product, but the company pulled its advertising in the wake of the Rush Limbaugh–Sandra Fluke controversy. Sleep Number is the official sleep and wellness partner of the NFL. Its commercials also feature star athletes like the Dallas Cowboys' Dak Prescott.

Robert Walker left Select Comfort in 2001 and formed an alternative energy company, Bixby Energy Systems. In 2014, he was convicted and sentenced to 25 years in prison for fraud, tax evasion, witness tampering and conspiracy for repeatedly misleading investors about Bixby Energy.

, Sleep Number holds 23 issued or pending U.S. patents and 40 issued or pending foreign patents for its products.

In January 2020, Sleep Number announced a collaboration with Mayo Clinic to further sleep science research and cardiovascular medicine, valued at $10M over five years. In February 2022, Sleep Number entered into a long-term partnership with the American Cancer Society to embark upon foundational sleep research to identify the impact of quality sleep on cancer prevention and recovery.

In March 2025, Sleep Number Corporation’s Board of Directors appointed Linda Findley as President and Chief Executive Officer, effective April 7, 2025. She succeeded Shelly Ibach, who had announced her retirement in October 2024 and continued to serve as Board Chair until the expiration of her term at the 2025 annual meeting.

Sleep Number Bed

The company manufactures the Sleep Number bed, an adjustable air mattress. The "Sleep Number" is a setting that adjusts the firmness or softness of the mattress on each side of the bed using air pressure. Higher numbers (up to 100) denote higher pressure and more firmness, and lower numbers denoting less pressure and more softness.

References

References

  1. (2018). "Sleep Number Corporation Form 10-K". Securities and Exchange Commission.
  2. "SNBR Financials".
  3. "Select Comfort moving headquarters to downtown Minneapolis". Star Tribune.
  4. "Comfortaire History".
  5. (24 January 2013). "Select Comfort buys Comfortaire in $15.5 million deal – Furniture Today". furnituretoday.com.
  6. [http://www.furnituretoday.com/article/541608-select-comfort-closes-comfortaire-third-party-retail/ Select Comfort to close Comfortaire, Third Party Retail Business.]
  7. "Select Comfort Changes Name to Sleep Number".
  8. (28 March 2011). "Select Comfort – Simple Solution". YouTube.
  9. (March 2, 2012). "Rush Limbaugh in hot water with sponsors after 'slut' remark". MSNBC.
  10. (August 28, 2013). "No Sleep Number in Slammer: Select Comfort Founder Jailed: Minnesota's Former Mattress Maker Fighting Felony Charges".
  11. "Judge sentences ex-CEO to 25 years in Bixby fraud". Star Tribune.
  12. (2011). "Select Comfort Corporation Form 10-K". Securities and Exchange Commission.
  13. (8 January 2020). "Sleep Number Announces Collaboration With Mayo Clinic to Advance Sleep Science and Cardiovascular Medicine".
  14. (2 February 2022). "American Cancer Society and Sleep Number Partner to Study Impact of Quality Sleep on Cancer Prevention and Survivorship". American Cancer Society.
  15. "Sleep Number Board Names Linda Findley as President and Chief Executive Officer".
  16. Niepow, Dan. (2025-03-06). "Former Blue Apron CEO Takes Top Job at Sleep Number".
  17. "Class action filed over Sleep Number Beds' warranties". washingtonexaminer.com.
  18. "KC-area bed manufacturer accuses Sleep Number of dirty pool". www.bizjournals.com/.
Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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