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New York - Sharper Image Stores to be Closed and Liquidated

Published on: June 1, 2008 04:46 PM
By: Reuters
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New York - All remaining stores of bankrupt gadget retailer Sharper Image will be closed and liquidated, its new owners said today.

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More than $50 million of inventory is being sold at 86 Sharper Image store-closing sales throughout the United States.

A joint venture led by units of Hilco and Gordon Brothers purchased the company’s assets at a bankruptcy auction last week for $49 million, and plan to continue its wholesale, direct-to-retail, e-commerce and catalog businesses under a new licensing strategy.

The company had filed for bankruptcy protection in February, and put itself up for sale in April, saying a sale was the best route in light of the weak U.S. economy and tight credit market conditions.


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Read Comments (7)  —  Post Yours »

1

 Jun 01, 2008 at 08:11 PM lavdafka Says:

70% off.. youde probely still be paying 20% above the real value

2

 Jun 01, 2008 at 10:19 PM Anonymous Says:

What did these guys sell anyway?

3

 Jun 01, 2008 at 11:59 PM lavdafka Says:

a lot of unique “luxury gadgets”

4

 Jun 02, 2008 at 07:33 AM anonymous Says:

they sold a bunch over priced garbage.....

5

 Jun 02, 2008 at 09:11 AM lavdafka Says:

I said that 7:33 … thank you! but in nicer words!

6

 Jun 02, 2008 at 08:26 PM Nebech Says:

So many people purchased remerkable gadgets relying on life-guarentees. Go know!

7

 Jun 03, 2008 at 07:36 AM lavdafka Says:

nebach: nooooooooooooo!!!!!! They’re still alive and kicking in their main mail-order business!! They’re only closing up all the stores!

8

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