Sleep Number has started a voluntary Chapter 11 sale after recent efforts to revive the smart bed company fell short. It's not time to say goodnight, however, as Sleep Country Canada is poised to acquire the brand and form a new North American mattress and bedding super power.
Following bumper sales during the Covid-19 pandemic, Sleep Number has struggled in recent years to recapture this past success, with net sales down 18.6% in the first quarter of 2026. This follows an all-new mattress line-up — it's largest redesign in nearly 10 years — and a cut-price clearance sale of old models.
