Sharper Image Reports January Sales

  
    
  
  
    
      Sharper Image Corporation (NASDAQ:SHRP) today reported sales for the 
      month of January, the fourth quarter and the fiscal year ending January 
      31, 2008.
    
    
      For the month ended January 31, 2008:
    
    
      Comparable store sales decreased 11 percent. Total store sales were 
      $15.3 million compared to $17.8 million, a decrease of 14 percent. Total 
      company sales were $22.2 million compared to $28.7 million, a decrease 
      of 23 percent.
    
    
      For the fourth quarter ended January 31, 2008:
    
    
      Comparable store sales decreased ten percent. Total store sales were 
      $118.1 million compared to $134.7 million, a decrease of 12 percent. 
      Total company sales were $164.1 million compared to $195.2 million, a 
      decrease of 16 percent.
    
    
      For the fiscal year ended January 31, 2008:
    
    
      Comparable store sales decreased 13 percent. Total store sales were 
      $265.6 million compared to $311.2 million, a decrease of 15 percent. 
      Total company sales were $374.9 million compared to $506.7 million, a 
      decrease of 26 percent.
    
    
      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 183 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.