SHRP Sharper Image Corp (MM)

Sharper Image Corporation (NASDAQ:SHRP) today reported sales for the month of December and the first eleven months of the fiscal year ending January 31, 2008. For the month ended December 31, 2007: Comparable store sales decreased ten percent. Total store sales were $75.7 million compared to $86.7 million, a decrease of 13 percent. Total Company sales were $97.2 million compared to $117.5 million, a decrease of 17 percent. Year-to-date for the eleven months ended December 31, 2007: Comparable store sales decreased 13 percent. Total store sales were $250.4 million compared to $293.5 million, a decrease of 15 percent. Total Company sales were $352.7 million compared to $478.0 million, a decrease of 26 percent. �With the holiday season behind us, I see both successes and opportunities for improvement,� said Steven A. Lightman, chief executive officer. �This holiday was a big test for our new management team and strategy. Despite a highly competitive and promotional environment, we were pleased with our new product performance results in digital picture frames, portable navigation products, robotic toys and games, and wireless accessories. Heading into 2008, we have the team in place to continue to execute on our multi-channel strategy, with an ever-increasing amount of new quality, exciting and innovative merchandise.� About Sharper Image 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 better and more enjoyable. The Company's principal selling channels include 186 Sharper Image specialty stores throughout the United States; the award-winning Sharper Image monthly catalog; and its primary Web site, www.sharperimage.com. The Company also has business-to-business sales teams for marketing its exclusive and proprietary products for corporate incentive and reward programs and wholesale to selected U.S. and international retailers. Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the Company's current plans, expectations, estimates, and projections about the specialty retail industry and management's beliefs about the Company's future performance. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates" or variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to risks and uncertainties that are difficult to predict and which may cause the Company's actual results and performance to differ materially from those expressed or forecasted in any such forward-looking statements. Some of these risks and uncertainties are discussed in the Company�s Annual Report on Form 10-K for the year ended January 31, 2007 under �Risk Factors�. These risks include, among other factors,�the success of its new business strategy, its ability to continue to find or develop and to offer attractive merchandise to customers, the market potential for products in design,�the success of its advertising efforts, changes in�business and economic conditions, risks associated with its retail store, catalog and Internet operations, and changes in the competitive environment in which it operates. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements. However, readers should carefully review the statements set forth in the reports, which the Company files from time to time with the Securities and Exchange Commission, particularly its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K.