When last we heard of Sharper Image, it had filed for bankruptcy, and closed all of its stores. But the news now, with new owners, is that of a revised brand and distribution strategy.
The Sharper Image brand is set to rise again.
The gadget retailer was purchased by the private investors Blue Star Alliance, Gordon Brothers and Hilco Consumer Capital for $49 million, and will license its products, rather than sell them direct-to-consumers.
Yep, that's right. No website, catalog or retail stores. The company will license products and sell them through third-party retailers. Products are said to include home audio gadgets like iPod and iPhone docks, a
floating waterproof wireless speaker, and a shower speaker that
receives music wirelessly from an iPod.
From The New York Times:
“Sharper Image was an aspirational brand,” said Federico de Bellegarde, the company’s vice president for licensing. While people wanted the products, not enough could afford them. “Now we can be in Best Buy, Bed Bath & Beyond and midtiered department stores,” Mr. de Bellegarde said.
The new company, which has fewer than 10 employees, kept five of its original product licensees. It currently has the Sharper Image name on 40 furniture and accessory products sold in OfficeMax stores. Its big push will come at the end of this year, when it releases “hundreds” of new, less-expensive products in partnership with 12 unnamed partners.
Interestingly, the company is said to also be working on a new generation of its famous (or infamous) air purifier.
The original $350 Ionic Breeze, and resulting consumer lawsuits over the release of unhealthy levels of ozone, is reported to be one of the primary reasons for the bankruptcy of the original company.
Witnessing The First Official Turn of the Engine of Hope
There are only a handful of moments in our lives where we witness events that truly, fundamentally, change the world, and thus change our lives.
I've been around long enough to witness (at least via television) the funeral train of Robert Kennedy. I watched live as man stepped on the Moon for the first time, and listened as President Nixon resigned "...effective at noon tomorrow." A Pope was shot, a People's Princes was mourned, and today, I will watch as the engine of HOPE begins to move.
daveibsen on Tuesday, January 20, 2009 at 05:18 AM in Long-form Commentary | Permalink | Comments (0)
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