Internet sales in the first third of the year at Sharper Image Corp. fell 12% from a year ago to $29.4 million from $33.5 million, the company reports. A year ago, Sharper Image was in a string of high-flying sales increases with web-based sales up 45% from a year earlier.
Total company sales for the four months ended May 31 were $186.8 million, down 8% from $204.1 million a year earlier. The web accounted for 15.7% of all sales in the first four months of this year vs. 16.4% a year ago. Store sales for the four months were $107.5 million, down 4% from $111.7 million a year earlier. Comparable store sales year-to-date decreased 16 percent.
Internet sales in May were $6.2 million, down 14% from $7.3 million in May 2004. Total company sales were $45.6 million, down 11% from $51.4 million a year ago. Store sales were $29.2 million, down 4% from $30.3 million a year earlier. Comparable store sales in May decreased 15%.
"In fiscal 2005, which we view as a transition year, the company remains focused on controlling expense levels in all areas of our business,” said Richard Thalheimer, founder, chairman and CEO. “Our product development team has a number of exciting new products in design and ready for delivery beginning in the third quarter, which we anticipate will contribute to improving trends in the second half of the year.
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