Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
Internet sales in September at Sharper Image Corp. were down 17% from a year earlier to $4.5 million, the company reports. Meanwhile, September web sales at J.C. Penney Co. Inc. were up 36% over September 2005.
Internet sales in September at Sharper Image Corp. were down 17% from a year earlier to $4.5 million from $5.4 million, the company reports. Total September sales fell 12% to $31.9 million for the month from $36.3 million in September 2005. Sharper Image is No. 87 in the Internet Retailer Top 500 Guide to Retail Web Sites.
Store sales dropped 18% to $17.5 million from $21.3 million in the prior September, and comparable store sales were down 21%. However, catalog sales/direct marketing sales, including wholesale, rose 2% to $9.8 million from last September’s $9.6 million.
Internet sales for the first eight months of Sharper Image’s fiscal year were $41.6 million, down 21% from $52.5 million a year earlier. Total company sales also were down 21% to $274.5 million from $348.6 million. Total stores sales dropped 25% to $158.2 million from $211.2 million in the year-ago period, while comparable store sales fell 27%. Total catalog sales/direct marketing sales, including wholesale, were down 12% to $74.7 million compared to $84.9 million in 2005.
Meanwhile, September web sales at J.C. Penney Co. Inc., No. 13 in the Internet Retailer Top 500 Guide to Retail Web Sites, were up 36% over September 2005, while total department stores sales rose 7.6% to $1.4 billion from $1.3 billion. Comparable store sales increased 8.7%, and total direct sales rose 11.8% to $284 million from $254 million. J.C. Penney does not report Internet dollar sales on a monthly basis.
Also today, Jos. A. Bank Clothiers Inc., No. 227 in the Internet Retailer Top 500 Guide to Retail Web Sites, reported that combined catalog and Internet sales increased 35.6% year-over-year in September, without breaking out numbers. Company sales rose 14.4% to $46.1 million from $40.3 million a year earlier. Eight month Internet/catalog sales were up 23.3% year-over-year and company sales increased 16.9% to $308.5 million from $263.8 million.