May 20, 2005, 12:00 AM

Q1 Internet sales at Sharper Image drop 12%

Internet sales at multi-channel specialty retailer Sharper Image dropped 12% in the first quarter ended April 30 to $23.2 million from $26.2 million a year earlier, the retailer said. Last year’s first quarter revenue increase was 58%.

 

Internet sales at multi-channel specialty retailer Sharper Image Corp. dropped 12% in the first quarter ended April 30 to $23.2 million from $26.2 million a year earlier, the retailer said. Last year’s first quarter revenue increase was 58%.

For the year, Internet sales dropped to 16% of total revenue, compared with 16.8% in the prior year.

Total revenue for the quarter dropped 7% to $144.9 million from $156.4 million last year. Last year’s first quarter revenue increased 34% over the prior-year quarter. Q1 comp store sales declined 16%. The company opened six new stores in the first quarter.

Sharper Image experienced a net loss of $4.6 million for this year’s first quarter, compared with net earnings of $1.9 million in 2004’s first quarter.

The retailer said its earnings were hurt by sluggish consumer spending. It said it expects a net loss in the second quarter, and considers fiscal 2005 as a transitional year.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

Bart Mroz / E-Commerce

What online shoppers want

They want mobile shopping to be easy, are open to trying buying on social networks ...

FPO

Paul Martecchini / E-Commerce

How marketers can best use digital data to launch a new product

The signals consumers use as they navigate the web can help brands design, launch and ...

Advertisement