During the holiday of 2006, I posted a verbose blog about how Sharper Image is going down the tubes. My prediction was off by a few months, but reality has finally hit The Sharper Image management. Sharper Image Bankruptcy is now reality.
I had to update this blog as news about Sharper Image’s Bankruptcy started hitting the news all over the place:
Of course, it was all over the major news networks yesterday and today as well. So, I decided to a couple of section.
When Analyzing the Sharper Image Bankruptcy, You Might Know You’re Crazy If:
You think Sharper Image won’t be sued by it’s investors
You think Sharper Image was going to turn things around after firing founder Richard Thalheimer
You think Brookstone is going to fill the shoes of Sharper Images
The decline of any giant like Sharper Image is always good news for others. For instance, there will be countless lawyers and collection agents who will have additional work because of this monumental blunder. Richard Thalheimer will have to hire additional employees to handle the added traffic to his RichardSolo.com. Also, it gives the media plenty of work and has kept a lot of stockbrokers busy as of late. There are likely bound to be countless books about Sharper Image coming out. Here are a few title suggestions:
Death of a Gadget Salesman: Why Firing Richard Thalheimer Expedited the Decline of Sharper Image
The New Face of Innovation: Bankruptcy
The Rise and Fall of the Holy Gadget Empire