expire-images2009-4-24

Sharper Image Hopes For A Quick Sale

A couple months ago we mentioned that high-end gadget retailer Sharper Image had filed for bankruptcy, now the company is up for sale. The retailer has said they want to be sold by the end of May and are preparing for an auction of the business as soon as possible. A Reuters article features a quote from Robert Conway, Sharper Image's chief executive which says in part that the current retail climate and the limited financing options available have prompted the sale. A potential buyer may be found in Jerry Levin, the former chairman of Sharper Image's board who recently resigned and has stated publicly that he is interested in working investors to buy the company. Like RedEnvelope, which is also up for sale, the Sharper Image has continued to keep doing business which leads me to wonder how many people are aware that the businesses they are shopping with are inches from going under.

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Tags: bankruptcy, business, expire-images2009-4-24, sharper image, SharperImage