The Chronic Consumer

I was reading through some business news today when I saw this Reuters article about Sharper Image filing for Chapter 11 bankruptcy protection. According to the article, the move comes after three consecutive years of losses, which helped put the company in debt to the tune of $199 million.

Shares of Sharper Image stock dropped 64 percent on this news, and is now valued at just 52 cents per share on Nasdaq.

I can’t say that this news surprises me very much. Sharper Image is definitely one of those stores where I just browse and never buy. The gadgets and things are pretty cool, but very expensive and not too practical.

I don’t know what this means for the actual stores, whether they’ll start closing down or what. I guess I’ll have to keep checking in whenever I go to the mall!