Fairfax's subsidiary is set to acquire Sleep Country Canada, Canada's leading specialty sleep retailer, for $35 per share, pending shareholder and regulatory approvals.
The rapidly growing brand's first retail space features the full line of mattresses, bedding, furniture, sleep accessories and bath essentials. Sleep Country CEO Stewart Schaefer says standalone Silk & Snow stores are also in the works.
CEO Stewart Schaefer said that only a handful of locations will open in Canada for the new retail chain that carries mattresses, linens, sheets, pillows and duvets.
Experts discuss the trend and how it can bring customers into stores, as a range of smaller brands from the affordable to luxury find space within host retailers.
Despite the pandemic’s negative impacts, the specialty sleep retailer made record-breaking sales with plans to expand online channels while opening more physical stores.
Co-founder Christine Magee spoke with Retail Insider about the company’s phenomenal growth over the past quarter century, including acquisitions such as Endy as well as a goal of opening 8-12 new stores annually.
Two months ago, our west coast editor, Helen Siwak met with Jamie at Sleep Country on West Broadway in Vancouver, BC, to find out more about how to achieve an elevated sleep experience.
Swimwear pops-up in Tsawwassen, Sleep Country partners for mental health, Holt Renfrew Ogilvy debuts new luxury concessions for Bottega Veneta, Tiffany & Co., and David Yurman.
Canada’s leading mattress retailer, which recently opened its 250th store, is expanding its real estate strategy following the demise of its biggest competitor, Sears Canada.