New York – Sharper Image Stores to be Closed and Liquidated

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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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    7 Comments
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    lavdafka
    lavdafka
    15 years ago

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

    Anonymous
    Anonymous
    15 years ago

    What did these guys sell anyway?

    lavdafka
    lavdafka
    15 years ago

    a lot of unique “luxury gadgets”

    anonymous
    anonymous
    15 years ago

    they sold a bunch over priced garbage…..

    lavdafka
    lavdafka
    15 years ago

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

    Nebech
    Nebech
    15 years ago

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

    lavdafka
    lavdafka
    15 years ago

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