Sleep Number bankruptcy leaves $28.7M owed to 11 industry players

New York  — Sleep Number Corp.’s bankruptcy filing today has exposed nearly $28.7 million in unpaid trade obligations to furniture and bedding industry suppliers, with 11 home furnishings-related companies appearing among the retailer‘s 30 largest unsecured creditors.

Collectively, the top 30 unsecured creditors are owed about $67.2 million.

The 11 industry suppliers and their outstanding trade payables are:

• Leggett & Platt: $10,207,094
• Elite Comfort Solutions (an L&P subsidiary): $6,173,420
• Ergomotion: $2,532,119
• HomTex: $2,530,107
• Electropedic Manufacturing Corp.: $2,409,553
• Future Textiles: $1,021,409
• Springs Creative Products Group: $993,587
• Carpenter Co.: $951,735
• Bernhardt Furniture Co.: $672,251
• Future Foam: $658,506
• Culp Home Fashions: $612,851

The 11 industry suppliers account for roughly 43% of the total owed to Sleep Number’s 30 largest unsecured creditors.

See also:

• Sleep Number files Chapter 11, enters agreement to sell company to Sleep Country Canada
• Sleep Number names former Blue Apron exec as new president, CEO
• While Q1 shows declines, Sleep Number says it sees ‘positive metrics’

The totals are listed as trade payables in the voluntary petition filed this morning in the U.S. Bankruptcy Court for the Southern District of New York. As unsecured creditors, these suppliers would stand behind secured lenders in any distribution of assets. The proposed sale of substantially all of Sleep Number’s assets to Sleep Country Canada could impact recoveries.

The filing capped several months of mounting financial pressure of the Minneapolis-based, vertically integrated sleep retailer.

Sleep Number’s Chapter 11 filing lists estimated liabilities of between $500 million and $1 billion. Net sales dropped 16% in 2025 to $1.4 billion, with a net loss of $132 million. The company had implemented more than $185 million in annualized cost reductions and planned to cut an additional $50 million in 2026.