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July 25, 2008 12:24:25 AM CDT

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Stories related to: Sharper Image

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3 Stories

  • June 2008

    • New Owners to Close All Sharper Image Stores

      newser  |  CNET  |  Jun 2, 08 6:03 AM CDT

      New Owners to Close All Sharper Image Stores

      Specialty gadget retailer Sharper Image, purchased Thursday in a bankruptcy auction for $49 million by investment firms Hilco Organization and Gordon Brothers, will close its remaining 86 stores, reports CNet. The new owners say they’ve developed a wide-ranging licensing strategy for the brand and will continue developing the company after unloading some $50 million in inventory. Sharper Image filed for bankruptcy in February. More »

      Tags

      bankruptcy  • retailing  • Sharper Image

  • April 2008

    • Retailers Checking Out as Economy Falters

      newser  |  New York Times  |  Apr 15, 08 8:00 AM CDT

      Retailers Checking Out as Economy Falters

      Stores across the country are closing their doors, the New York Times reports, victims of a downturn in consumer spending. Retailers are often heavily leveraged, and as the economy falters banks are tightening credit. Several chains, including Sharper Image, have declared bankruptcy; others like Footlocker, Ann Taylor, and Zales are closing stores to stay afloat. “You have the makings of a wave of significant bankruptcies,” said a former Kmart executive. More »

      Tags

      recession  • economy  • retail  • consumer spending  • bankruptcy  • retail stores  • Sharper Image  • Linens 'n Things

  • March 2008

    • Gift Cards Not Looking So Sharp

      newser  |  MarketWatch  |  Mar 4, 08 11:00 AM CST

      Gift Cards Not Looking So Sharp

      Consumers holding Sharper Image gift cards are out a collective $25 million after the gadget retailer stopped honoring the cards when it filed for bankruptcy in February, MarketWatch reports. With the shaky economy likely to produce more bankruptcies over the next year or two, consumers would be wise to redeem other cards they may be hoarding. More »

      Tags

      US economy  • bankruptcy  • retailing  • Chapter 11  • Sharper Image  • gift cards

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