New York – Sharper Image Stores to be Closed and Liquidated


    New York – All remaining stores of bankrupt gadget retailer Sharper Image will be closed and liquidated, its new owners said today.

    More than $50 million of inventory is being sold at 86 Sharper Image store-closing sales throughout the United States.

    A joint venture led by units of Hilco and Gordon Brothers purchased the company’s assets at a bankruptcy auction last week for $49 million, and plan to continue its wholesale, direct-to-retail, e-commerce and catalog businesses under a new licensing strategy.

    The company had filed for bankruptcy protection in February, and put itself up for sale in April, saying a sale was the best route in light of the weak U.S. economy and tight credit market conditions.

    Follow VosIzNeias For Breaking News Updates



    Please enter your comment!
    Please enter your name here