Wednesday, February 20, 2008
Sharper Image Dulls
When I am in the US, I sometimes pop into Sharper Image, which is a gadget store full of stuff you don't really need. That includes giant massage chairs, garden speakers, and air purifiers. Spent time browsing, but never bought anything there. Seems in I am good company. Sharper Image Corp has filed for Chapter 11 bankruptcy protection, saying declining sales and three straight years of losses led to a shortage of liquidity.
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The problem for sharper image is just that it sells "things you don't need". With the credit crunch and most family income going to pay mortgages and higher cost of living, there is no money to buy these kitsch crap they sell.
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