Sharper Image Struggling
The specialty retailer The Sharper Image, despite unique, quality products, is running into trouble, the financial Web site The Motley Fool reported Friday. The culprit? Heavy competition from Best Buy, Circuit City, and other electronics retail giants, said the Fool’ s Lawrence Rothman, who even predicted the chain may not survive.
The company, which recently replaced its executive team, saw revenue drop 25 percent in the last quarter, with high debt. The company, according to the AP, lost $20 million last quarter; its stock saw an 81-cent drop on Tuesday, when the earnings were announced.