Sharper Image, Lillian Vernon file for bankruptcy protection

02/21/2008 | ClipSyndicate · · Bloomberg Businessweek · Reuters

The Sharper Image has filed for bankruptcy protection after an extended period of sluggish sales and heightened competition. The retailer plans to keep at least some stores open as it attempts to pay off creditor debts, but it plans to close 90 underperforming locations. Housewares retailer Lillian Vernon also filed for bankruptcy Wednesday.

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ClipSyndicate · · Bloomberg Businessweek · Reuters

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