Sharper Image Store Sales Slip 45% for September

Share this article:
Sharper Image Corp. announced yesterday that its September sales at stores open at least one year declined 45 percent.


The company cited the Sept. 11 terrorist attacks as having disrupted sales and expected a greater third-quarter loss than originally forecast.


Company sales during the month plummeted 30 percent to $21.4 million from $30.3 million last year. Sales declined in all channels, including stores, catalogs and the Internet.


Sharper Image, San Francisco, faces daunting comparisons with last year's sales increase, which was, for the most part, connected to sales of then-trendy scooters.


The company expects its net loss for the quarter ending Oct. 31 to range from 30 cents to 35 cents per share. Analysts had estimated a loss of 13 to 30 cents with the mean estimate at 21 cents, according to Thomson Financial/First Call.


Share this article:
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Generating Loyalty for Brands and Retailers in an Omnichannel World

Generating Loyalty for Brands and Retailers in an ...

Harnessing personas, loyalty programs, and new technologies can help marketers better connect with customers.

News Byte: Salesforce Forms Unit to Focus on Verticals

News Byte: Salesforce Forms Unit to Focus on ...

The industries business unit, led by ex-White House CIO Vivek Kundra, will serve six industry groupings.

Columbia U. Puts the "Do" in "Donation"

Columbia U. Puts the "Do" in "Donation"

Columbia University raises nearly $7 million in donations in just 24 hours with a combination of social media, live events, and gamification.