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Technology Stocks : SHRP: The Sharper Image, Profitable making $ on Internet! -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (44)	7/11/1998 4:09:00 AM
From: Vic Glassley	Read Replies (1) \| Respond to of 353

Thursday July 9, 7:32 am Eastern Time Company Press Release Sharper Image Comparable Store Sales Jumped 10 Percent Sales From sharperimage.com Increased Over 400% SAN FRANCISCO--(BUSINESS WIRE)--July 9, 1998--Sharper Image Corporation (NASDAQ/NMS:SHRP - news) today reported that brisk Father's Day business resulted in a 15 percent sales increase for June driven by strong comparable store sales increase, excellent mail order sales and a five-fold sales increase from the company's Internet site sharperimage.com. For June, total company sales of $18.3 million were 15 percent higher than the prior year's $15.9 million. Total store sales rose 12 percent, to $12.7 million from $11.3 million for the prior year, with comparable stores sales increasing 10 percent. Catalog sales had another strong month increasing 22 percent to $5.6 million from last year's $4.6 million. ''Our customers responded positively to the new and innovative products introduced in our stores and catalog for Father's Day. The Sharper Image Design proprietary products were major contributors to the strong sales,'' Richard Thalheimer, founder, chairman and chief executive officer noted. ''We believe our strategy of presenting functional and unique products with moderate price points was very well received by our customers and that these and the new Sharper Image Design products we will be introducing will positively affect the very important upcoming holiday season,'' he further stated. ''Internet sales in June more than tripled from last year, continuing the very strong sales growth trend. The launching in June of our redesigned sharperimage.com web site continued the rapid growth rate, with sales increasing five-fold from last year. We are pleased with our sales growth from sharperimage.com and its potential to increase our profitability,'' Thalheimer concluded. For the four months year to date, total company sales grew 13 percent, to $74.1 million from last year's $65.7 million. Total store sales were seven percent higher at $50.5 million from $47.2 million for the prior year, with comparable store sales increasing four percent. Catalog sales rose 28 percent to $23.6 million from last year's $18.5 million. The Sharper Image(R) is a leader in introducing products that provide quality, innovation and entertainment through its entertaining stores, catalogs, and other marketing channels, with an extraordinary level of customer service. In addition to its award-winning catalogs, there are more than 80 stores throughout the United States and internationally. The Sharper Image catalog is also available on the Internet at http:/ www.sharperimage.com. This release contains certain forward-looking statements regarding the company's expected performance for future periods, and actual results for such periods may materially differ. Such forward-looking statements involve risks and uncertainties, including risks of changing market conditions in the overall economy and the retail industry, consumer demand, the opening of new stores, actual advertising expenditures by the company, the success of the company's advertising and merchandising strategy, availability of products, and other factors detailed from time to time in the company's annual and other reports filed with the Securities and Exchange Commission.