Sleep Number Files for Bankruptcy

Sleep Number, the mattress giant, is officially folding — filing for bankruptcy and preparing to sell off its assets, with Sleep Country Canada offering $415 million. Despite $319 million in sales, the company posted $50 million in Q1 losses, blaming tariffs and inflation. With 500+ U.S. stores, they’ve tried closing locations, refinancing, and even selling tariff-related refund rights to stay afloat. But they’re not satisfied with the current bid — they’re open to higher offers and plan to auction on July 13th, aiming for court approval by the 15th and closing by month’s end. Even their high-profile NFL partnership with Travis Kelce can’t save them from this financial collapse. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/efed3cd487e4eb6b