Famous Gadget shop Sharper Image files for chapter 11 Bankruptcy protection.
We just reported two weeks ago about the declining Sales of Sharper Image. Looks like they dropped too much.
I still remember my first trip to the U.S. years ago, the Sharper Image store was the place to check out. It is sad that they cannot keep up with the gadget trends of today.
Sharper Image intends to continue to conduct business as usual while it devotes renewed efforts to resolve it’s operational and liquidity problems and develops a reorganization plan.
More details on the Sharper Image site. Via Engadget.
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