Ha! While, in this economy, it pains me to see any company in financial problems (mainly on account of the average workers that will actually take the hit). This makes me laugh. Who’d have thunk it, a business model based on selling overpriced crap to morons with more money than sense isn’t doing so well. At least the CEO will be ok. I mean, think of the CEO’s!!!
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Sharper Image isn’t going anywhere. They’ll reorganize and go back to business. “Selling overpriced crap to morons with more money than sense” is still a sound strategy, but SI failed in that they make you feel like an idiot for buying their stuff. They need to add “while making them feel smart and discerning” to the mission statement.