The Top 500 retailer buys Campus Deals, which offers mobile coupons to college students.
Web sales lead the pace as Sharper Image reports record revenues
Internet sales at Sharper Image Corp. rose 37% for the fiscal year ended Jan. 31, to $95.1 million from $69.2 million the prior year, as total revenue reached a record $647.5 million, up 26% from $513.8 million, the company reported.
Managing Editor, B2B E-commerce
Internet sales at Sharper Image Corp. rose 37% for the fiscal year ended Jan. 31, to $95.1 million, or 14.7% of total revenue, from $69.2 million, or 13.5% of revenue, the prior year. Total revenue reached a record $647.5 million, up 26% from $513.8 million, the company reported. Comp stores sales rose 15%.
"We had a great fourth quarter and year," said Richard Thalheimer, founder, chairman and CEO. "We continued our excellent sales momentum, driven by our aggressive multimedia advertising, in all of our sales channels -- stores, catalog, Internet, wholesale and corporate incentive business -- with double digit increases for each."
With 25 new stores opened in 2003, Sharper Image reported total store sales for the year ended Jan. 31 of $379.3 million, up 29% from $293.8 million in the prior year.
For the fourth quarter ended Jan. 31, Sharper Image posted Internet sales of $43.6 million, up 34% from $32.6 million in the year-earlier period. Q4 total revenues rose 29%, to $278.4 million from $216.5 million. Total Q4 stores sales rose 33% to $171.7 million from $129.1 million, while comp store sales rose 17%.