Sharper Image’s web sales slip 4% in June while total sales fall 9%
Sharper Image Corp. continues to struggle in all channels. Internet sales in June were down 4% from June 2004 to $6.7 compared to $7 million. A year ago, Sharper Image was reporting a 17% year-over-year increase for web-based sales. Web-based sales in June accounted for 14.5% of all sales compared to 13.8% last June.
Total company sales for the month were down 9% to $46.1 million compared to $50.8 million in the previous year. Total store sales were $30.9 million compared to $30.6 million in the prior June, an increase of 1%. Comparable store sales in June decreased 10%. Catalog sales/direct marketing sales, which includes wholesale, were down 36% to $8.5 million compared to last June`s $13.3 million.
In the first five months, Internet sales were down 11% compared to a year ago, to $36 million compared to 40.5 million. Companywide sales at Sharper Image, which ranks No. 63 in the Internet Retailer Top 400 Guide to Retail Web Sites, were off 9% to $232.8 million compared to $254.9 million in the previous year. Total store sales were $138.4 million, down 3% from $142.3 million in the prior year. Comparable store sales year-to-date decreased 15%.
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