Select Comfort 2nd-quarter affected by inventory shortage

Minneapolis-based airbed manufacturer and retailer Select Comfort Corp., maker of the Sleep Number brand, reported net sales of $285 million in its second fiscal quarter, a 3% increase compared with the second quarter of 2016. The company said that sales in the second quarter, which ended July 1, were impacted by a temporary inventory shortage […]

Select Comfort to End Sales of Comfortaire to Retailers

Minneapolis-based Select Comfort Corp., the manufacturer and retailer of the Sleep Number brand, said in a March 28 statement that it is ending third-party retailing of Comfortaire products. Select Comfort acquired Comfortaire in January 2013 from Greenville, South Carolina-based Park Place Corp., in a deal that was valued at $15.5 million. Since the purchase, Comfortaire […]

Select Comfort Full-year Sales Set New Record, 4th-quarter Earnings Disappoint

Select Comfort Full-year Sales Set New Record, 4th-quarter Earnings Disappoint

Select Comfort Corp., manufacturer and retailer of the Sleep Number bed brand, reported operating income (earnings before interest and taxes) rose slightly—by 2%—to $76.7 million in 2016, compared with full-year 2015. Using generally accepted accounting principles, net income from operations was relatively flat at $51.4 million, compared with $50.5 million in 2015. Earnings per diluted […]

Select Comfort Unveils Sleep Number 360 Smart Bed

Select Comfort Unveils Sleep Number 360 Smart Bed

Airbed manufacturer and retailer Select Comfort Corp. has introduced the Sleep Number 360 smart bed powered by SleepIQ technology, calling the bed one of the most significant innovations in the company’s 30-year history. The smart bed from the Minneapolis-based company launched at the Consumer Electronics Show Jan. 9-12 in Las Vegas, where it won Best of […]