Sharper Image Q3 Comps Plunge 15%

SAN FRANCISCO-Same-store sales at Sharper Image’s 186 stores fell 15% year over year during the third quarter. Additionally, the company reported a net loss of $22.7 million during the period, which ended Oct. 31.

The poor store performance is not taking place in one specific geographical region, said Steven Lightman, president and CEO. “One day stores in this area are doing great, on another day stores in this area do great,” he said. “It’s not as easy as saying, ‘Everything should be in the Northeast quadrant of the US or everything should be on the West Coast.’”

When asked by an analyst about potential stores closures, Lightman said that there are no such plans currently in the works. “We’re waiting to get through the holiday season to see how the stores perform on a 12-month rolling basis, and then we’re going to sit down and make those decisions,” he said.