March 10, 2006 |
An investor group that includes two former Wall Street bankers said Thursday that it was seeking to replace Sharper Image Corp.'s entire board as part of a plan to overhaul the gadget retailer, whose stock had dropped 37% in the last year. Shares of the San Francisco-based company, known for its air purifiers and massage chairs, rose as high as $12.60 before closing at $12.21, up $2.25, or 23%. Knightspoint Group, which owns 12.
February 8, 2006 |
Sharper Image Corp., which sells products including robotic vacuum cleaners and massage chairs through its catalogs and at 190 stores, said Tuesday that Chief Executive Richard Thalheimer had agreed to a 50% pay cut this year. On Feb. 1, Thalheimer and other Sharper Image executives agreed to accept pay reductions for the year ending Jan. 31, 2007, the San Francisco-based company said in a regulatory filing. In 2005, Thalheimer earned $990,000, according to company filings.
November 23, 2005 |
Sharper Image Corp. reported a wider fiscal third-quarter loss Tuesday as the specialty retailer was hurt by slow store traffic and a sluggish response to its direct-marketing efforts. In extended trading, shares of San Francisco-based Sharper Image declined more than 8% to $9.05. The stock, which fell 9 cents to $9.89 in regular trading, is down nearly 48% this year. Sharper Image, whose products include massage chairs and air purifiers, reported a third-quarter loss of $10.
August 19, 2005 |
Sharper Image Corp. posted an unexpectedly deep second-quarter loss as it cut prices to spur merchandise sales, and it reduced its full-year financial forecast. The company's shares fell 67 cents to $12.35 in after-hours trading after gaining 50 cents to $13.02 in regular trading. The San Francisco-based retailer of high-end electronics and other gadgets lost $6.8 million, or 45 cents a share, contrasted with a year-earlier profit of $93,000, or a penny a share. Revenue fell 8% to $137.
May 20, 2005 |
Sharper Image Corp., which sells products including robotic vacuum cleaners and massage chairs, forecast a wider-than-expected fiscal second-quarter loss Thursday amid falling sales and higher expenses. The shares fell as much as 22% in trading after the markets closed. The company forecast a net loss for the quarter ending July 31 of 40 cents to 45 cents a share, compared with a 16-cent loss estimate, based on the average of 12 analysts surveyed by Thomson First Call.
May 4, 2005 |
Sharper Image Corp. reported lower fiscal fourth-quarter profit due to less-than-successful product introductions, a soft economy and a 6% decline in same-store sales. Profit declined to $16.4 million, or $1.01 a share, from $22.2 million, or $1.37, a year ago. Revenue increased 8% to $301 million but the company said a soft economy and some new product introductions that proved "less than successful" hurt earnings.
April 6, 2005 |
Neither the lawsuit nor, it appears, the new model cleared the air. Shares of Sharper Image Corp. sank 9% on Tuesday after the new issue of Consumer Reports panned the latest version of the company's bestselling air purifier.
December 28, 2004 |
Specialty retailer Sharper Image Corp. offered a gloomy earnings outlook Monday after weaker-than-expected holiday sales, sending its shares plunging 18%. The San Francisco-based company, known for products like air purifiers, robotic floor vacuums and massage chairs, said sales from Dec. 1 to Dec. 24 increased only about 4% over last year -- significantly less than the 15% to 18% that Wall Street anticipated.