Sleep Number Corp

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 in January 2013. In March 2017, Select Comfort closed its Comfortaire third-party retail business. In November 2017, Select Comfort Corporation changed their corporate name to Sleep Number Corporation.

As of December 2011 [update], Sleep Number holds 23 issued or pending U.S. patents and 40 issued or pending foreign patents for its products.

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.

In March 2025, Sleep Number Corporation’s Board of Directors appointed Linda Findley as President and Chief Executive Officer, effective April 7, 2025. She succeeded Shelly Ibach, who had announced her retirement in October 2024 and continued to serve as Board Chair until the expiration of her term at the 2025 annual meeting.

In February 2026, Sleep Number announced a partnership with American football player Travis Kelce, a three-time Super Bowl champion, who also became an investor in the company. As part of the agreement, Kelce purchased common stock on the open market and was granted restricted stock units subject to a three-year vesting period and customary conditions.

In June 2026, Sleep Number entered into an asset purchase agreement with Sleep Country Canada. Following a competitive auction, the bankruptcy court approved the sale of substantially all of the company's assets and ongoing business operations to SNBR Inc., a wholly owned subsidiary of Sleep Country Canada, on July 20, 2026. Sleep Country announced the completion of the acquisition on July 31, 2026, and stated that the combined business operated more than 800 retail locations across Canada and the United States.