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

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.

By Dan Haugen

April 30, 2009

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.