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Technology Stocks : SHRP: The Sharper Image, Profitable making $ on Internet!

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To: Adam Nash who wrote (16)5/8/1998 7:02:00 AM
From: Ed. Kelly   of 353
 

Reuters report
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Sharper Image April same-store sales flat
Reuters Story - May 07, 1998 07:36
%RET %US SHRP V%REUTER P%RTR

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It also said "total company sales" in April of $13.2
million were rose by 11 percent over prior year levels of $11.9
million.
"Retail sales reflected the transition in product mix to
more Sharper Image Design proprietary products which generally
carry lower price points, but with better margins," Richard
Thalheimer, founder, chairman and chief executive said in a
prepared statement.
"A number of new products tested well in the April catalog
and the distribution of these products will be expanded to the
stores in May."
Thalheimer also said Internet sales continue to be the
company's most rapid sales growth area, with an increase in
April sales more than double last year.
He said he expects to see Internet sales growth accelerate
beyond its current rapid rate, as Sharper Image boosts
promotional efforts. Those include exposing its web site,
sharperimage.com in print and television advertising this
summer, and forming strategic alliances with key internet
partners, Thalheimer said.
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