Sleep Number Files for Bankruptcy, Agrees to Sale to Sleep Country Canada
Mattress maker Sleep Number Corp. has filed for Chapter 11 bankruptcy and entered into an agreement to sell the company to Sleep Country Canada Inc. The company cited years of weak demand, mounting financial pressure, and unpredictable U.S. trade policy as contributing factors. The bankruptcy marks a significant collapse for one of the best-known mattress brands in the United States.
Sleep Number Corp., the Minneapolis-based smart mattress manufacturer, filed for Chapter 11 bankruptcy protection on June 12, 2026, simultaneously announcing a deal to sell the company to Sleep Country Canada Inc., a former retail partner. In court filings, Sleep Number explicitly blamed 'the unpredictable shifting of trade rules imposed by the current U.S. government on top of an already vulnerable global supply chain' as a contributing factor to its financial collapse. The company had faced prolonged headwinds including weak consumer demand for big-ticket home goods and growing debt obligations. Sleep Country Canada, which had previously carried Sleep Number products as a retail partner, would acquire the brand through the bankruptcy sale process. The transaction is subject to court approval, and the Chapter 11 filing allows Sleep Number to continue operating while the sale proceeds.
What's missing
The articles do not specify the purchase price Sleep Country Canada is offering, the total debt load Sleep Number is carrying, or how many U.S. retail locations and employees may be affected by the bankruptcy and sale.
What different sources said
- Yahoo FinanceCenter
Sleep Number to Enter Bankruptcy, Combine With Sleep Country Canada
- Bring Me The NewsCenter
Sleep Number files for bankruptcy protection, announces merger with Canadian firm
- Furniture TodayCenter
Sleep Number files Chapter 11, enters agreement to sell company to Sleep Country Canada
- BloombergCenter
Sleep Number Files for Bankruptcy Sale to Sleep Country Canada
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