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- AT&T Sends Controversial ‘American Idol’ Text Message
- Synthetic Blood Drink Sells out in Vending Machines
- TV Universe Loses 1.5M Due to Digital Transition: DTV Transition News, Updated 10-15-09
- Upfront Update, 10-15-09: Cable Volume Sinks 12% to $6.73 Billion
- Local Advertising Slumping - but Will Soar on Handhelds
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Search Gone Wild!
Find Out Why in Oneupweb's Eye Tracking Study on Google's Real-Time Results.- ‘The Daily Wrap:’ 84 Lumber, Wal-Mart, Marks & Spencer
- Lowe’s Plans New Canadian Stores - Update
- How Retailers Should Appeal to Women
- CPI-U Has Flat February - Update
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- ‘The Daily Wrap:’ Home Depot, Amazon, Starbucks
- Walgreens Purchases Assets of Memphis Drugstores
- GameStop Plans 400 New Stores
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- Consumer Demand Key to Sustaining Economy - Update
- Marketers Adopt Emerging Channels
- Digital, Cable News Audiences Only Media to Grow in 2009
- Private Label CPG Dollar, Unit Sales Continue Growth
- Behind the Curve: Week Ended March 19, 2010
- Top 10 House and Garden Websites - February 2010
- Monthly US Web Usage Declines in February
- Annual US Ad Spending Falls 12.3%
- Marketers Leverage Customer Initiated Interactions
- Americans Confident in Military, not Congress
- Top 10 Print Media Websites - February 2010
Sharper Image Free Fall Continues
Sharper Image’s revenues for the first quarter ended April 30 decreased 26 percent to $106.8 million, DMNews reports. Catalog/direct marketing sales decreased 16 percent to $23.5 million while Internet sales decreased 26 percent to $17.2 million. Wholesale sales decreased 45 percent to $6.5 million.
In March, the company announced plans to cut advertising expenditures by 30 percent, catalog circulation by 30 percent, single-product solo mailers circulation by 40 percent, and infomercial spending by 25 percent. The company also is cutting its corporate workforce by 20 percent, and its retail workforce by 12 percent.
The merchant reported a net loss for the quarter of $12.6 million compared to a net loss of $4.6 million last year.