Sleep Number

Summary
Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides adjustable bases under the FlextFit, and smart beds under the Sleep Number 360 brands. The company sells its products directly to consumers through retail, online, phone, and chat as well as through its e-commerce activities. As of January 2, 2022, it operated approximately 648 retail stores in 50 states. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017. Sleep Number Corporation was founded in 1987 and is headquartered in Minneapolis, Minnesota.

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, its major competitor, in January 2013. In March 2017, Select Comfort announced that they would no longer offer the Comfortaire lineup of Air Beds to their third party retailers/dealers. 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.As of December 2011, Sleep Number holds 23 issued or pending U.S. patents and 40 issued or pending foreign patents for its products. In September 2017, According to the Global Mattress Toppers market research report, Sleep Number was among the key players of Mattress Toppers market.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.


Mission
Improving lives by individualizing sleep experiences

Vision
Becoming one of the world's most beloved brands by delivering unparalleled sleep experiences

Key Team

Ms. Melissa Barra (Exec. VP and Chief Sales & Services Officer)

Ms. Andrea Lee Bloomquist (Exec. VP & Chief Innovation Officer)

Mr. Joel Laing (Sr. Director of Fin., Treasurer & Chief Accounting Officer)

Mr. David W. Schwantes (VP of Fin., Investor Relations & Decision Support)

Mr. Samuel R. Hellfeld (Sr. VP, Chief Legal & Risk Officer and Sec.)

Mr. Kevin Kennedy Brown (Exec. VP & Chief Marketing Officer)

Ms. Patricia Ann Dirks (Chief HR Officer & Sr. VP)


Recognition and Awards
Sleep Number has been awarded several prestigious awards over the years, including the Innovation of the Decade Award from Consumer Reports, the Consumer Electronics Show Innovation Award, the Most Innovative Product of the Year Award from Mashable, and the Best Bed from CNET. In addition, Sleep Number has been featured on multiple media outlets, including The Wall Street Journal, Bloomberg, and MSNBC.

References
Sleep Number
Leadership team

Ms. Shelly R. Ibach (CEO, Pres & Chair)

Mr. David R. Callen (Exec. VP & CFO)

Mr. Joseph Hunter Saklad (Sr. VP, Chief Information Officer & Interim Chief Operations, Supply Chain and Lean Officer)

Products/ Services
Content, Facebook, Health Care, Home Decor
Number of Employees
1,000 - 20,000
Headquarters
Minneapolis, Minnesota, United States
Established
1987
Company Registration
SEC CIK number: 0000827187
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
SNBR
Social Media
Sat Feb 24 2024
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