Sharper Image Corp. reported second quarter revenues of $137.3 million on Thursday, an eight percent decrease compared to the $149.0 million reported in the prior year quarter.
For the quarter ended July 31, the San Francisco-based company reported a net loss of $6.8 million, or $0.45 per share, compared to net earnings of $0.1 million, or $0.01 per diluted share, in last year’s second quarter.
Total store sales for second quarter were $87.8 million, compared to $86.0 million in the prior year, an increase of two percent.
Total catalog sales/direct marketing sales (including wholesale) for the second quarter were $27.5 million compared to last year’s $39.0 million, a decrease of 29%. Internet sales for the quarter were $18.4 million compared to last year’s second quarter sales of $20.4 million, a decrease of 10%.
Yesterday, Sharper Image also announced the appointment of Jeff Forgan as its chief financial officer. He was previously CFO of the company from 1999 until December 2004. Jeff Nachbor, a senior vice president and the current CFO, is leaving the company.
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