The Sharper Image may have been the favorite of geeks in the '90s, but it's now a shadow of its former self.
After being delisted from Nasdaq, filing for bankruptcy, and announcing that it will close 96 of its 184 stores, the end is near for the specialty electronics retailer.
Or is it?
In an interesting development, The Sharper Image announced on Thursday that its chairman, Jerry W. Levin, is stepping down to pursue the possibility of acquiring the company's stock and assets.
Neither Levin nor The Sharper Image were ready to speculate about what his plans are, but it begs a question: "What is going on at The Sharper Image?" It's a company that has flown under the radar for quite some time, and most have written it off as a relic of the past, but I think there's more to it than that. If nothing else, the soap opera over at The Sharper Image is extremely interesting to watch.
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