SHRP Internet Sales +444%, total sales +13%, same store sales +8%:
SHRP should be up with the momentum today + the facts. Sharper Image internet sales were up 444% for December, total company sales up 13%. Unfortunately, for whatever reasons, these numbers were not emphasized on CNBC or with the news services, just the +8% same-store sales. The stock was up yesterday, but should of gone up more.
"Sharper ImageDec same-store sales up 8 pct
SAN FRANCISCO, Jan 7 (Reuters) - Specialty retailer Sharper Image Corp. said Thursday same-store sales rose 8 percent in the all-important month of December and the retailer also posted gains in mail-order and Internet sales.
The company said total sales for the month tallied $67 million, a 13 percent increase over the year-earlier period.
Sharper Image credited increased sales to a 444 percent surge from its Internet Website.
Mail-order sales increased 20 percent to $19.8 million from last year's $16.6 million.
''Internet sales continued their very strong performance in December. We are attracting new customers: over 90 percent of the Internet sales for December were first time buyers at our sharperimage.com Website,'' said Richard Thalheimer, founder, chairman, and chief executive officer.
He added that improvement in gross margin and the increased sales in December will ''significantly'' improve the year's earnings."
Regards,
Jake
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