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March 17, 2008

Sharper Image Close-Out Sales on 96 Stores Begin Today

On Friday, the Bankruptcy Court in Delaware approved an agreement between Sharper Image and a joint venture to conduct the 96 store closing/close-out sales.  The sales, including merchandise, fixtures, equipment and supplies, start today (the Order was entered on Saturday) and must conclude no earlier than April 30, 2008 and no later than May 31, 2008.  The lease property will be turned over to the landlord immediately upon closing.  A list of the actual stores to be closed is now on Exhibit A to the agreement.   

The Motion by Sharper Image also requested and received a waiver of state laws which may prohibit "close-out sales" and any restrictions in any leases which may prohibit the same.   

March 17, 2008 in Current Affairs | Permalink

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Comments

I work at a sharper image store that is closing, and its closing april 28th. From what I just read it says no earlier then april 30, so how is our store closing april 28th?

Posted by: Jim | Apr 19, 2008 2:00:21 AM

Do you know if the sale is still going on today? Get back to me, I hope so. I've always enjoyed the Sharper Image products and used themm for a long time.

Posted by: Closeout King | Sep 3, 2008 8:51:52 AM

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