(Image credit: Future)
Sleep Number has started a voluntary Chapter 11 sale after recent efforts to revive the smart bed company fell short. It's not time to say goodnight, however, as Sleep Country Canada is poised to acquire the brand and form a new North American mattress and bedding super power.Following bumper sales during the Covid-19 pandemic, Sleep Number has struggled in recent years to recapture this past success, with net sales down 18.6% in the first quarter of 2026. This follows an all-new mattress line-up — it's largest redesign in nearly 10 years — and a cut-price clearance sale of old models.A game-changer among the best smart beds and mattresses, Sleep Number plans to continue operations during the bankruptcy proceedings, including keeping its stores open and accepting purchases online. For current mattress owners, the App will remain operational, so Sleep Number's struggles don't need to ruin your sleep.Key takeawaysSleep Number has filed for Chapter 11 bankruptcy with a sale to Sleep Country Canada in the worksThe brand has struggled to find financial security following the pandemic and has recently relaunched its line-upSleep Number is currently still accepting purchases and will honor warranties and sleep trialsFor those who already own a Sleep Number mattress, the app will remain operational and customer service is still onlineWhat's behind Sleep Number's financial difficulties?It's been a tough few years for Sleep Number, which has seen lower sales and increased competition from the expanding sleep health market.Need a new mattress?
