Sharper Image files for Chapter 11 bankruptcy
Sharper Image Corp, the store and catalog retailer whose products include air purifiers and massage chairs, has filed for Chapter 11 bankruptcy protection, saying declining sales and three straight years of losses led to a shortage of liquidity.
The speciality electronics retailer The Sharper Image announced Wednesday that it has filed for Chapter 11 bankruptcy protection, and will also close 50 stores, the Wall Street Journal reported.