Sharper Image, the San Francisco retailer know for selling high-tech massage chairs and nose-hair groomers among other luxury products, has filed for bankruptcy, the company announced Tuesday.
Sharper Image will "conduct business as usual while it devotes renewed efforts to resolve its operations and liquidity problems and develops a reorganization plan," according to a statement on its Web site.
The company, which has 183 retail stores in the United States, last Thursday named Robert Conway chief executive officer, replacing Steven Lightman. Conway is a founding member of New York financial advisory firm Conway, Del Genio, Gries & Co.
A week before Lightman's departure, Sharper Image released figures showing total company sales fell 26 percent during the fiscal year, which ended Jan. 31
Sharper Image will "conduct business as usual while it devotes renewed efforts to resolve its operations and liquidity problems and develops a reorganization plan," according to a statement on its Web site.
The company, which has 183 retail stores in the United States, last Thursday named Robert Conway chief executive officer, replacing Steven Lightman. Conway is a founding member of New York financial advisory firm Conway, Del Genio, Gries & Co.
A week before Lightman's departure, Sharper Image released figures showing total company sales fell 26 percent during the fiscal year, which ended Jan. 31