Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: NASDBULL who wrote (34598)	12/28/1998 10:34:00 AM
From: Norm Demers	Read Replies (1) \| Respond to of 119973

Here's some news from SHRP: News December 23, 07:44 Eastern Time SAN FRANCISCO (Dec. 23) BUSINESS WIRE -Dec. 23, 1998--Sharper Image Corp. (Nasdaq/NMS:SHRP) today reported an impressive six fold increase in sales from its Website, sharperimage.com, from Dec. 1 to Dec. 21. Comparable store sales for the same period showed a very strong nine percent gain, and mail order sales jumped 27 percent. "Internet sales continued their very strong performance in December. The 492 percent increase topped the 436 percent increase in November. As consumers get even more comfortable with on-line shopping, I expect Internet sales at our sharperimage.com Website will continue to increase," said Richard Thalheimer, founder, chairman, and chief executive officer. He further stated, "We are pleased with the very strong Holiday sales, which started in November and continued in December. Our strategy of developing proprietary Sharper Image Design products has been very successful this Holiday season. These popular exclusive products positively affected our December sales results and also enabled us to improve our gross margin by over two percentage points compared to last year. These results were achieved with out promotional discounting." Thalheimer concluded, "The improvement in gross margin and the increased sales in the all important December month will significantly impact this year's earnings." The Sharper Image is a specialty retailer that is nationally and internationally renowned as a leading source of new, innovative, high-quality products that make life easier and more enjoyable. A significant and growing proportion of sales are of proprietary products created by the company's product development group, Sharper Image Design. The company operates 86 stores throughout the United States and mails millions of its award-winning catalogs each month. Additionally, all the company's products may be purchased on-line via its Internet catalog at 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. sdf/sf* mr/sf CONTACT: The Sharper Image Tracy Wan, 415/445-6120 www.sharperimage.com