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.
70% off.. youde probely still be paying 20% above the real value
What did these guys sell anyway?
a lot of unique “luxury gadgets”
they sold a bunch over priced garbage…..
I said that 7:33 … thank you! but in nicer words!
So many people purchased remerkable gadgets relying on life-guarentees. Go know!
nebach: nooooooooooooo!!!!!! They’re still alive and kicking in their main mail-order business!! They’re only closing up all the stores!