Sleep Number

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Sleep Number
Public
Traded as NASDAQSNBR
S&P 600 Component
Industry Mattresses
Founded 1987
Headquarters

Plymouth, Minnesota, U.S. (Minneapolis, Minnesota starting in 2018)

Ph: (763) 551-7000
Number of locations
477 (Nov 2015)[1]
Key people
Bill McLaughlin, Pete Bils, Shelly Ibach (CEO)
Products Sleep Number bed air mattresses and bedding
Number of employees
3,098 (2015)[2]
Website https://www.sleepnumber.com/
A "sleep number" store in Miamisburg, Ohio.

Sleep Number is a U.S.-based manufacturer that manufactures 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, Select Comfort has manufacturing and distribution facilities in South Carolina and Utah. As of 2015, the company employed 3,098 people across the United States.

In 1980, the category of adjustable air-supported sleep systems was invented by a private company, Comfortaire Corporation, of South Carolina[3] Bob Walker left Comfortaire and formed a new company in 1987 called Select Comfort. Select Comfort acquired the Comfortaire Corporation, a major competitor, in January 2013.[4] In March 2017, Select Comfort announced that they would no longer offer, the Comfortaire lineup of Air Beds, to their third party retailers/dealers.[5] Select Comfort Corporation, in November 2017, changed their corporate name to Sleep Number Corporation.[6]

The company's TV commercials used to feature actress Lindsay Wagner.[7] 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.[8]

Sleep Number was founded in 1987 as Select Comfort by Robert "Bob" Walker and his wife JoAnn Walker. As of December 2011, Sleep Number holds 23 issued or pending U.S. patents and 40 issued or pending foreign patents for its products.[2] Select Comfort products are sold through 551 company-owned stores located across the United States; direct marketing operations; and online at sleepnumber.com. The current CEO is Shelly Ibach. In September 2017, According to the Global Mattress Toppers market research report Sleep Number was one among the major key players of Mattress Toppers market.[9][10]

Sleep Number Bed[edit]

The company's signature product is the Sleep Number bed, an adjustable air mattress. The "sleep number" is a setting that adjusts the firmness of the mattress, adjusted by air pressure, with higher numbers (up to 100) denoting higher pressure and more firmness. In addition, each side of full size and larger beds has its own chamber to allow for separate adjustment. There are different models of Sleep Number beds with various features, and Select Comfort has introduced a memory foam version of the Sleep Number mattress as well.[11]

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