Sharper Image To Close Remaining Stores
The new owners of the speciality retail chain the Sharper Image will be closing its remaining stores and liquidating their inventory, Reuters reported Monday.
The company, however, will remain in business on the catalog, e-commerce, direct-to-retail and wholesale sides. The company’s assets were purchased out of bankruptcy last week by Hilco and Gordon Brothers, a pair of investment firms, for $49 million. Liquidation sales are presently underway at Sharper Image stores nationwide.
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