Sleep Number Files for Bankruptcy, Agrees to Sale to Sleep Country Canada
Mattress maker Sleep Number Corp. filed for Chapter 11 bankruptcy on June 12, 2026, with an agreement to sell the company to Canadian retailer Sleep Country Canada Inc. The filing follows years of weak consumer demand, mounting financial pressure, and supply chain disruptions, with the company citing unpredictable U.S. trade policy as a contributing factor. The bankruptcy marks a significant collapse for one of the best-known mattress brands in the United States.
Sleep Number Corp., the Minneapolis-based maker of adjustable smart mattresses, filed for Chapter 11 bankruptcy protection on June 12, 2026, and simultaneously entered into an agreement to sell its business to Sleep Country Canada Inc., a former retail partner. In court filings, Sleep Number attributed its financial collapse to a combination of prolonged weak consumer demand, an already fragile global supply chain, and what it described as 'unpredictable shifting of trade rules imposed by the current U.S. government.' The company's struggles reflect broader headwinds facing the home furnishings sector, which has faced softening demand since the post-pandemic spending boom faded. Sleep Country Canada, a major mattress retailer in Canada, would acquire the brand and operations through the bankruptcy sale process. The deal is subject to court approval and potential competing bids under standard Chapter 11 procedures.
What different sources said
- 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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