Sharper Image Corp. saw its revenue drop from $101.1 million in third quarter 2000 to $77 million in the quarter just ended. The $3.1 million in net income seen a year ago was nowhere to be seen either, with the San Francisco-based retailer taking a $3.8 million net loss during the quarter, which ended Oct. 31.
Catalog sales proved the most resilient sector for the firm, dropping 11% from the $25.5 million seen a year ago to $22.8 million, while total store sales fell 28%, from $58.2 million to $41.8 million, and same-store sales dropped by 36%. Online revenue decreased 29%, from $13.7 million to $9.7 million.
The Sharper Image attributed part of the sales drop off to the lack of a hot product that mirrored last year
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