Awwwwwwwwwww MAN! This sucks. Every time I pass the Sharper Image stores in LA, New York and Honolulu I always stop in to play with some of the toys and most definitely get an ijoy chair massage on my back and calves. Now I’m screwed. Never again being able to get free muscular relieve within malls from products I’m too cheap to purchase. =(
Bankrupt gadget retailer Sharper Image plans to close all its remaining stores, its new owners announced Sunday.
The company expects to sell $50 million in inventory as it shutters 86 stores across the United States, the joint owners of Hilco Organization and Gordon Brothers said in a statement.
The group, which purchased the gadget retailer’s assets in a bankruptcy auction Thursday for $49 million, said it has developed a licensing strategy for wholesale, retail, direct-to-retail, e-commerce, and catalog businesses.
Sharper Image filed for bankruptcy protection in February with plans to shut about half of its 184 stores and reorganize. The San Francisco-based company said it had lost more than $135 million since early 2005. The company put itself up for sale in April.
Source: Steve Mosil.