Sharper Image granted court approval of liquidator, will hold closing sales at 97 locations

By Jennifer Lanning Drey

Portland, Ore., March 17 - Sharper Image Corp. obtained court approval of its liquidation agreement with Hilco Merchant Resources, LLC and Gordon Brothers Retail Partners, LLC under which the joint venture will hold closing sales at 97 Sharper Image stores, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

Sharper Image believes that streamlining its retail business operations will allow the company to reduce its non-productive operating expenses and to focus its reorganization efforts on its remaining stores, according to the company's motion requesting the approval.

Sharper Image, a San Francisco-based specialty retailer, filed for bankruptcy on Feb. 19. Its Chapter 11 case number is 08-10322.

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