Sleep Number Corporation Risk Report

⚖️ Legal & Regulatory

Recent legal challenges pose a significant risk for Sleep Number Corporation, potentially affecting its reputation and finances. A high-profile lawsuit claims their product led to an unfortunate incident, casting doubt on product safety. Furthermore, potential deceptive sales practices have emerged, increasing regulatory scrutiny.

• A lawsuit on 🗓 December 13, 2024, alleged an 80-year-old woman's death was due to being trapped by a Sleep Number bed.
• Another legal action on 🗓 March 26, 2025, accused Sleep Number of deceptive sales pricing.
• On 🗓 May 2, 2025, a class action claim suggested the company uses false reference prices for sales.

👥 Labor & Workforce

The company is undergoing significant personnel changes, signaling potential restructuring and cost management strategies. This includes a considerable reduction in their management workforce, which aligns with efforts to streamline operations amid declining sales.

• On 🗓 May 6, 2025, Sleep Number announced a 21% cut in corporate management roles, highlighting increased operational efficiencies.

📜 Innovation & R&D

Sleep Number continues to innovate with technology-driven products aimed at enhancing sleep quality. Their focus on integrating health-related applications showcases a commitment to advancing sleep technology and meeting customer needs.

• Sleep Number introduced the BreatheIQ™ app on 🗓 March 25, 2025, aimed at assisting 116 million Americans with sleep apnea risks.