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    Select Comfort's first quarter sleep number: -$2.7M

    By Dan Haugen | Published Thu, Apr 30 2009 3:35 pm

    Select Comfort's sales continue to slump like an aging futon. The bed retailer reported today that sales decreased 17 percent to $168 million in the first three months of 2009.

    The company lost $2.7 million during the quarter, but CEO Bill McLaughlin said the company successfully cut costs, hung onto cash and "re-ignited" the Sleep Number brand.

    “Our progress during the first quarter affirms that we have the right strategies in place for 2009,” McLaughlin said.

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