Sharper Image boosts its October web revenue 42% year over year
Web-based sales at Sharper Image Corp. excluding auctions were up 64% in October vs. October last year, the company reported today. Including auctions, web sales were up 42% year over year, reaching $5.3 million.
The web increases were part of another strong overall month for Sharper Image, with companywide sales increasing 32% in October over last October to $37.3 million. Store sales increased 35% to $20 million; comparable store sales increased 23%. Catalog sales increased 22% to $12.1 million.
"We are very pleased with our outstanding 23% increase in same-store sales,” said Richard Thalheimer, founder, chairman and CEO. “Our new stores are also doing extremely well and the sales increases in all our other channels--the Internet, catalog, direct response television and business-to-business programs--give us sound reasons to be optimistic about the upcoming important fourth quarter that starts Nov. 1. October concluded our fiscal third quarter with strong positive sales trends, significantly higher gross margins than last year, and firm control on our expenses."
Back...
