Brookstone Will Let You Use Your Sharper Image Gift Card As A 25% Off Coupon

Brookstone says they will accept your Sharper Image Gift Card. Sort of.

If you have a small amount of money on a Sharper Image card and don’t want to buy something twice the value in order to use it at the bankrupt retailer, you can surrender it to Brookstone for 25% off.

Currently, Sharper Image does accept gift cards, but they must be used in full in one transaction and the transaction must be for twice the amount of the gift card’s value.

Brookstone Press Release [Brookstone] (Thanks, Richard!)

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  1. AcidReign says:

        Brookstone IS essentially Sharper Image, except only more expensive. I do like the little battery-powered alarm clock I got there a few years ago, though.

  2. LorneReams says:

    How does this not break state laws? I thought they couldn’t put restrictions on gift cards, or do anything to reduce their value.

  3. coold8 says:

    I believe that only applies to the company that issued the gift card. For example, on ebay, if a gift card sells for $146, and it is worth $150, or $152 and it is worth $150, I believe it is perfectly legal. For example, if I walk up to you, and I say, I will see you this $20 bill, for $22 (similar to an atm fee), and you are dumb enough to accept the offer, it is perfectly legal.

  4. jtheletter says:

    Wow, I expected much more restrictive terms for the Brookstone offer but it explicitly says in the linked press release they will accept any value SI card in return for 25% off any order (minus a reasonably small number of major brands). If anyone was planning on making a Brookstone purchase it sounds like now is the time to snap up some really cheap SI cards on ebay or the like.

  5. scoosdad says:

    @LorneReams: In case you haven’t been following the Sharper Image saga here, they’ve filed for bankruptcy. That puts gift card holders in the same category as all their other creditors waiting to be paid (probably at pennies on the dollar of the original money owed). They’ve offered to redeem the gift cards (at full value) ahead of the other creditors but with restrictions. I’m sure those restrictions are with bankruptcy court approval.

    Brookstone is a competitor attempting to cash in on Sharper Image’s problems and lure some of their customers their way. With the markup on that stuff and importing it themselves directly from the factories overseas, Brookstone offering a 25% off deal still puts money in their pockets.

  6. orielbean says:

    They could just as easily offer a 25% discounts on people wearing silly hats. I see no problem w/ the Brookstone deal.

  7. UpsetPanda says:

    I see it as a good way f or SI people to still get something they want, instead of throwing out the card entirely. It’s a gift, right? You didn’t spend money getting it, what’s the loss to you if you spend it at Brookstone because you can’t use it at SI without paying twice the amount anyway. Even if a $400 reclining chair at Brookstone is $100 more ($500) than the same thing at SI, if you have to pay twice the amount at SI to get half off, you’ve just purchased a whole chair as if you didn’t actually use the card. Go to Brookstoke, get 25% off and you’re then paying $375 vs. $400 at SI.

  8. Buran says:

    @scoosdad: But doesn’t that violate the fact that gift cards are supposed to be equivalent to cash?

  9. Buran says:

    I’m a geek. I decided I wanted an LED Yoda Star Wars lightsaber. Sharper Image was one possible source but they wanted $120 or so. I bought it from Amazon Fulfillment (some third party was listed as the seller, but as Amazon is the source, I still get free shipping etc) for $75. Even though I would have paid with my credit card, I won’t support a company that is screwing its locked-in customers who were guaranteed buyers. Besides, that’s $35 I can use for something else since I’m not in a hurry.

  10. brosnan6 says:

    I wonder what Brookstone will end up doing with all the surrendered gift cards…perhaps a mass corporate sale on eBay once SI is back to regular redemption terms?

  11. BugMeNot2 says:

    @Buran:

    You’re still missing the point. Gift cards represent cash on hand at the store they represent. So a $50 gift card to Best Buy represents $50 cash to Best Buy.

    You can not walk into a Circuit City and say “Honor this”, because it is not legal tender… it is a representation of a contract you have with Best Buy.

    Circuit City can, however, (for marketing reasons or something) start accepting the gift cards, which means Circuit City would be taking a hit financially.

    I know some pizza places around here will do that. Dominoes, I think, honors competitors coupons. Not because they legally have to, but because they are willing to take the hit to gain the sale.

  12. cde says:

    @Buran: What fact? That fact is bullshit. Not even a fourth of the states even require gift cards to be exchanged for cash, while the same amount won’t require gift cards to last forever. Real cash doesn’t expire.

  13. UpsetPanda says:

    @UpsetPanda: I’m retracting what I wrote earlier because I realized it was “double the gift card’s value” NOT double the price of merchandise. Why on earth I thought that…though I don’t think it’s above SI to do that either.