Profile: Select Comfort Corp (SCSS.OQ)

SCSS.OQ on NASDAQ Stock Exchange Global Select Market

24 Apr 2015
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Select Comfort Corporation (Select Comfort), incorporated on February 27, 1987, is a manufacturer, marketer, retailer and servicer of the Sleep Number bed, which allows individuals to adjust the firmness and support on each side at the touch of a button. The Company offers further individualization through its sleep tracking technology, SleepIQ, and a solutions-focused line of Sleep Number pillows, sheets, adjustable bases, and other bedding products, including the DualTemp temperature-balancing layer. The Company offers Sleep Number beds in four series, which includes Classic Series, Performance Series, Innovation Series and Memory Foam Series. Classic Series includes the Sleep Number c2, c3 and c4 beds. Performance Series includes its most popular beds, featuring enhanced performance, comfort and a great value. This series includes the Sleep Number p5 and p6 beds. The Innovation Series is the premier experience in personalized comfort combined with leading-edge innovations in sleep technology. This series includes the Sleep Number i8 and i10 beds. The Memory Foam Series combines cradling memory foam with exclusive DualAir technology. This series includes the Sleep Number m7 bed.

The Company-Controlled channel, which includes Retail, Direct Marketing and E-Commerce, sells directly to consumers. Its wholesale/other channel sells to and through selected retail and wholesale customers in the United States and Australia, and the QVC shopping channel. In January 2014, the Company introduced its Sleep Number bed, the x12, at the International Consumer Electronics Show (CES). The Sleep Number x12 bed with SleepIQ technology is breakthrough advancement in sleep technology, providing consumers with simple and intuitive knowledge of how they slept and what changes they can make to achieve their very best sleep. In addition to SleepIQ, the Sleep Number x12 bed combines three other technologies with the Company’s core DualAir technology to deliver the ultimate, comfortable sleep experience. These include the FlexFit adjustable base technology, FlexTop mattress design, and a communication platform that brings together all of these technologies and provides control through a single universal remote or with simple voice commands. Sleep Number bedding collection is another line of products that include Create Your Perfect Pillow and AirFit pillow. The pillows are available in its CoolFit foam, memory fiber or white goose down. The Company’s FlexFit Adjustable Bases offer FlexFit adjustable bases which enable customers to raise the head or foot of the bed, and to experience the comfort of massage, using a handheld remote control.

The Company has two manufacturing plants (one in Irmo, South Carolina and the other in Salt Lake City, Utah) which distribute Sleep Number products. The manufacturing operations in South Carolina and Utah consist of quilting and sewing of the fabric covers for its beds, and final assembly and packaging of mattresses and bases. In addition, its electrical Firmness Control Systems are assembled in its Utah plant. The Company has one manufacturing plant in Greensboro, South Carolina which distributes Comfortaire products. The manufacturing operations consist of final assembly and packaging of mattresses and bases.

The Company competes with Tempur-Pedic International, Inc., Simmons and Sealy.

Company Address

Select Comfort Corp

9800 59th Ave N
MINNEAPOLIS   MN   55442-4528
P: +1763.5517000

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