Thursday, February 21, 2008

Sharper Image Files For Chapter 11 Bankruptcy

siI remember getting excited every time I got a new Sharper Image catalog in the mail as a kid.  The inner gadget geek in me always dreamed of owning those too-expensive, but too-cool gadgets that Sharper Image always hawked.  Well today the retailer filed for chapter 11 bankruptcy protection citing declining sales, three straight years of losses and lawsuits involving their Ionic Breeze air purifiers.  They'll probably survive to see another day, but in a much smaller form than today.  For the story on the bankruptcy of Sharper Image head over to Reuters.

ib   Ionic Breeze Purifier