Sharper Image Files Bankruptcy

The Sharper Image, the store that hit success in the 1980s selling electronic gadgets of all kinds, has filed for Chapter 11 bankruptcy a week after it named its third CEO in 17 months.
Once a bastion of modern looking gadgets like reclining massage chairs, tabletop conference phones and electronic toys that would sometimes be used as movie props in science fiction films, Sharper Image is closing 90 of its 184 stores as it reorganizes under the bankruptcy filing.
Eclipsed in recent years by Amazon, ThinkGeek, and the Apple Store, Sharper Image has difficulty competing in an online world and their sales have dropped 26% in just the last year. They have currently stopped accepting their own gift cards as payment while undergoing reorganization.

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