Sharper Image’s 2006 sales continue their slide
Internet sales for the fiscal year just completed on Jan. 31 at Sharper Image Corp. fell 21% to $85.2 million from $107.2 million in the previous year, the company reported. The decline mirrored the overall fall in sales, which were down 22% to $507 million from $650 million the year before.
The declines were part of the long fall that Sharper Image has been in. A year ago, it reported that Internet sales had fallen 9% from the year before and total sales, 12%.
Total store sales for the year were $311.2 million, down 24% from $407.1 million in the prior year, while comparable store sales for the year decreased 25%. Total catalog sales/direct marketing sales (including wholesale) for the year were $110.6 million, down 19% from $135.9 million.
The all-important fourth quarter did nothing to help Sharper Image’s fading fortunes. Internet sales for the quarter were down 22% to $37.9 million from $48.2 million. Total company sales were down 24% to $195.5 million from $255.5 million. Total store sales fell 21% to $134.7 million from $170 million in the prior year. Comparable store sales for the quarter decreased 23%. Total catalog sales/direct marketing sales (including wholesale) for the quarter were down 38% to $23 million.
Sharper Image, No. 87 in the Internet Retailer Top 500 Guide, did not report financial results.
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