PetSmart acquired Pet360 for $130 million in cash and up to $30 million more in future performance-based payments.
Sharper Image Corp. today announced a 158% increase in Internet sales in September this year over September 1999. Web-based sales for the month totaled $4.2 million vs. last year's $1.6 million. Companywide, Sharper Image reported September sales of $31.5 million, an increase of 69%. Store sales grew 83%; catalog sales, 20%. The reason for the strong growth: in part, the popularity of the Razor scooter.