Neha Patil (Editor)

Sleep Country Canada

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Industry
  
Retail

Headquarters
  
Toronto, Canada

Number of employees
  
1,200

Website
  
www.sleepcountry.ca

Founded
  
1994


Key people
  
Stephen K. Gunn, Christine Magee, David Friesma

Products
  
Mattresses, Bed frames, Headboards, Bed linens, Pillows

Stock price
  
ZZZ (TSE) CA$ 31.29 -0.01 (-0.03%)23 Mar, 4:00 PM GMT-4 - Disclaimer

CEO
  
David Friesema (Nov 2014–)

Founders
  
Christine Magee, Gordon Lownds

Profiles

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Sleep Country Canada is a major mattress retailer in Canada, with over 185 stores operating in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, PEI and Nova Scotia.

Contents

The company was ranked one of the top 50 companies to work for in Canada by the Globe and Mail. It is best known for its radio jingle, "Why buy a mattress anywhere else? Ding!"

Sleep Country USA, an unaffiliated company, uses the same jingle.

Sleep country canada start your mattress shopping at sleep country


History

In 1994, the three partners Christine Magee, Stephen K. Gunn and Gordon Lownds launched the first four Sleep Country locations in Vancouver. By 1996, the chain had expanded to Toronto with 19 new stores. Growth continued at quick rate. By 2001, the company had 72 stores in six regional markets and an estimated 40% of the market in regions where it operated. In 2003, Sleep Country converted into an income trust. This raised nearly $130 million (C$) in an initial public offering. Sleep Country went public in July 2015 and is listed on the TSX under the stock ticker "ZZZ".

In January 2006 the company Dormez-vous Sleep Centres Inc. with five stores in Montreal. In March 2006 it added 32 stores in the US through an acquisition of Sleep America Inc., a mattress retailer in Arizona.

On August 14, 2008, The Canadian Press reported that two Toronto-based investment firms, Birch Hill Equity Partners Management Inc. and Westerkirk Capital Inc., made a friendly takeover offer worth $356 million (CAD) for all the units of the Sleep Country Canada Income Fund, the parent company of Sleep Country Canada.

Awards

  • 1997, 1998 ranked as one of the Top 50 Best Managed Companies based on a survey conducted by international consulting firm Hewitt Associates and co-sponsored by the Globe and Mail newspaper
  • 2004, 2005, 2006, ranked amongst the "50 Best Employers in Canada" by international consulting firm Hewitt Associates and co-sponsored by the Globe and Mail newspaper.
  • 2006 Christine Magee and Stephen Gunn were awarded the Henry Singer Award by the Canadian Institute of Retailing and Services (CIRAS).
  • 2014 Canada's Top 10 Most Admired Cultures
  • 2014 Passion Capitalist Award
  • 2015 Christine Magee appointed to The Order of Canada

    • Community service

    Sleep Country supports numerous charities and community initiatives across Canada. Some of the programs in which they are involved include:

  • Donated Bed Program - As part of their delivery service, Sleep Country Canada provides the removal of an old mattress. These mattresses are when possible donated to those in need, however not all mattresses can be reused, so Sleep Country also has a large number of mattresses that are disposed of in an environmentally friendly way. (Due to the high costs of recycling, Sleep Country now charges $15.75 for the recycling fee to all customers who request their old mattress to be removed.)
  • Pyjamas & Storybooks - Drive that collects children's storybooks and pyjamas for children in need.
  • Give a Kid a Coat Program - Sleep Country Canada accepts donated coats and assists in distributing them.
  • Backpack for Kids - Donation program that provides backpacks to children in need.
  • Sponsor of 2010 Winter Olympics
  • Supporter of SchoolBOX (http://www.schoolbox.ca)

    • References

    Sleep Country Canada Wikipedia
    (Text) CC BY-SA