April 12, 2001, 12:00 AM

Sharper Image’s web sales grow 20% in March

Sharper Image’s web sales grew 20% while comparable store sales decreased 1% and catalog sales grew 45%.

Sharper Image Corp.’s Internet sales increased 20% to $3.4 million in March from last March`s $2.8 million, while total Company sales for March grew 1%5 to $23 million from $19.8 million. Store sales increased 6% to $13.3 million from $12.6 million; comparable store sales decreased 1%. Catalog sales grew 45% to $6.3 million from $4.3 million.

For the first two months of the company`s fiscal year, Internet sales increased 15% to $6.3 million, store sales grew 4% to $25.9 million and catalog sales increased 37% to $10.7 million.

"We believed the company did well to have achieved these solid sales gains in this challenging economic environment. The comparable store sales decline reflects the prior year`s exceptional scooter performance. When the scooter sales are removed from the calculation, the March comparable store sales increased 4% and total store sales increased 11%," said Richard Thalheimer, founder, chairman and chief executive officer.

The company expects operating loss per share for the first quarter ending April 30, 2001 may be 22 to 27 cents.

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Marie Wieck / E-Commerce

Why the digital experience matters

A consumer’s first interaction with a brand is increasingly likely to be online, including through ...

FPO

Matt Kleinschmit / E-Commerce

The Internet disrupts the marketing of everyday goods

Upstart manufacturers of consumer packaged goods are engaging directly with consumers online and offering them ...

Advertisement