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Cross Border News  + Retail  | 

Sleep Country Expands into U.S. Through Acquisition of Sleep Number

Sleep Country Canada has expanded into the U.S. with the acquisition of Sleep Number through a court-supervised sale process.

Sleep Country said it has expanded its retail network to more than 800 locations by acquiring substantially all of the assets of Sleep Number.

The acquisition positions Sleep Country as the world’s second-largest sleep retailer, said the company. The company said the transaction combines Sleep Country’s retail expertise and customer-focused approach with Sleep Number’s sleep technology and personalized sleep solutions.

“This is a game-changing acquisition,” said Stewart Schaefer, president and CEO of Sleep Country. “Sleep Number has built an exceptional brand, driven by amazing people, meaningful comfort and innovation and an unwavering commitment to improving customers’ lives through better quality of sleep. We look forward to welcoming the Sleep Number team, and working alongside them as we bring these two organizations together to deliver better sleep to all of our customers.”

Sleep Country said leaders from both companies worked together throughout the transaction to ensure continuity for customers, support employees and prepare for the integration of the two businesses.

“Our priorities remain clear,” Schaefer continued. “We will continue serving customers with the same commitment to quality, expertise and care that they have always expected from our brands. We will also take the time to listen, learn and build relationships across our teams as we shape the future together.”

The company said customers will continue to receive the same level of service, support and expertise from both brands, with additional details on integration activities and future milestones to be announced as plans progress.

Toronto-based Sleep Country is Canada’s largest sleep retailer, operating the Sleep Country Canada, Dormez-vous, Endy, Silk & Snow, Hush, Casper Canada and Simba brands. The company has 307 corporate-owned stores, 18 warehouses and omnichannel and e-commerce operations across Canada.

Sleep Number is a U.S. sleep-wellness company specializing in adjustable mattresses and sleep technology. The company operates more than 570 stores across the United States and has served more than 16 million customers over its 40-year history.

Pictured: Sleep Number store in Bellevue, Wash.

Photo: Shutterstock

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Sleep CountryStewart Schaefer

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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