Sharper Image Reports May Sales Increases Jun 8, 2004

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Specialty appliance and gadget retailer Sharper Image Corporation (San Francisco, CA, U.S.) has reported sales for the month of May and the first 4 months of the fiscal year ending Jan. 31, 2005.

In May, total company sales increased 18 percent and total store sales increased 19 percent. According to Sharper Image, comparable store sales increased 1 percent, and catalog/direct marketing sales increased 18 percent. Internet sales increased 11 percent

For the calendar month ended May 31, 2004, total company sales increased 18 percent to U.S. $51.4 million from last May's $43.7 million. This is a 26-percent increase from May 2003.

Total store sales increased 19 percent to $30.3 million from last May's $25.5 million. Comparable store sales increased 1 percent; the May 2003 comparable store sales increase was 18 percent. Total catalog/direct marketing sales increased 18 percent to $13.8 million from last May's $11.7 million; the May 2003 increase was 16 percent. Internet sales increased 11 percent to $7.3 million from last May's $6.5 million; the May 2003 increase was 35 percent.

Year-to-date total company sales have increased 30 percent, and total store sales have increased 24 percent. Comparable store sales have increased 6 percent Catalog/direct marketing sales have increased 34 percent, and Internet sales have increased 45 percent

For the 4 months ending May 31, 2004, total company sales increased 30 percent to $204.1 million from last year's $157.2 million—the 2003 year-to-date increase was 25 percent. Total store sales increased 24 percent to $111.7 million from $90.3 million in the prior year. Comparable store sales increased 6 percent. The 2003 year-to-date same-store sales increase was 17 percent. Total catalog/direct marketing sales increased 34 percent to $58.9 million from last year's $43.8 million—the 2003 year-to-date increase was 10 percent. Internet sales increased 45 percent to $33.5 million from last year's $23.1 million. The 2003 year-to-date increase was 39 percent.

"Our…May sales results were in line with our expectations," Richard Thalheimer, founder, chairman and CEO of Sharper Image, said in a written statement. "The new Sharper Image stores [that have been] opened within the last 12 months are performing extremely well. They have proved to be successful very quickly and have, on average, made a positive contribution by their first quarter of operation."

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