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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: Sharper Image

Sharper Image stories: 3 news summaries

New Owners to Close All Sharper Image Stores

Will continue wholesale, catalog businesses; unload $50M in inventory

Jun 2, 08 6:03 AM CDT
(Newser) - 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... More »

MORE ABOUT:
bankruptcy • retailing • Sharper Image • Hilco Organization • Gordon Brothers

Retailers Checking Out as Economy Falters

Each default brings widespread fallout

Apr 15, 08 8:00 AM CDT
(Newser) - 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... More »

MORE ABOUT:
retail • bankruptcy • recession • consumer spending • retail stores • Sharper Image • economy • Linens 'n Things • Footlocker • Ann Taylor

Gift Cards Not Looking So Sharp

Bankrupt retailer isn't honoring $25M in gift cards

Mar 4, 08 11:00 AM CST
(Newser) - 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... More »

MORE ABOUT:
bankruptcy • US economy • retailing • gift card • Sharper Image • Chapter 11 • Brookstone • Leverage

3 Stories


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