In its second-largest acquisition, Amazon buys the company for $970 million.
November web sales at Sharper Image declined 26% from November 2004, falling to $10.4 million compared to last November`s $14.1 million, the company reports. At J.C. Penney Co. Inc., Internet sales rose approximately 23% year-over-year for Nov. 1 to 26.
November Internet sales at Sharper Image Corp. declined 26% from November 2004, falling to $10.4 million compared to last November`s $14.1 million, the company reports. Companywide sales were down 24% to $60 million from $78.9 million. Store sales fell 11% to $38.8 million from $43.3 million while comparable store sales fell 18%
In the ten months of Sharper Image’s fiscal year, Internet sales were $69.4 million compared to last year`s $81.8 million, a decrease of 15%. Total sales at Sharper Image, No. 63 in the Internet Retailer Top 400 Guide to Retail Web Sites, were $454.7 million compared to $527 million in the previous year, a decrease of 14%. Store sales for the ten months reached $275.8 million, down 5% from $290.8 million a year earlier. Comparable store sales year-to-date decreased 16%. Catalog/direct marketing sales, including wholesale, for the first 10 months were down 29% to $109.5 million from $154.3 million.
"Sales for November reflect a continuation of recent weak sales trends compared to last year," said Richard Thalheimer, founder, chairman and CEO. "While our new products are generally performing as planned, we continue to see year-over-year declines in select key merchandise categories such as our Ionic Breeze Air Purifiers and massage chairs.
At J.C. Penney Co. Inc., No. 11 in the Internet Retailer Top 400 Guide to Retail Web Sites,Internet sales rose approximately 23% year-over-year for Nov. 1 to 26, as web sales for the 43 weeks ended Nov. 26 rose 30%, the retailer said. By comparison, combined catalog/Internet sales rose 2.5% year-over-year to $291 million for the Nov. 1-26 period, up from $285 million, while total sales rose 4% to $1.86 billion from $1.78 billion. Comp store sales for the period rose 3.6%.
For the 43 weeks ended Nov. 26, combined catalog/Internet sales rose 3.4% year-over-year to $2.22 billion from $2.15 billion; total sales rose 3.8% to $14.43 billion from $13.9 billion, and comp store sales rose 3.1%.