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Sharper Image files for bankruptcy protection

February 21st, 2008 · No Comments

Its name is synonymous with hi-tech gadgets, but now US retail chain Sharper Image has filed for Chapter 11 protection at the US bankruptcy court. As many as 90 of its 184 stores will be closed as the company combats a ‘severe liquidity crisis’
This is the latest incident in a series of woes for the company. As gadget retailing has become ubiquitous, the chain has tried to diversify into other areas with only limited success. While in Chapter 11, the company says it will continue to trade as normal.

Tags: Miscellaneous items · Trade

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