Thursday, January 21, 2010
Some Say The Ionic Breeze Air Purifier Killed The Sharper Image
The Sharper Image did end up filing for bankruptcy in 2008, but not due to lack of sales. The reason they went under is because The Sharper Image was a publicly traded company, and their reputation had been so badly damaged that the price of their stock plummeted to well under a dollar per share. Even at the time of bankruptcy, the company actually had over $50 million equity, not including liquid cash. They simply couldn't overcome the bad publicity, regardless of the quality of their products.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment