Eddie Bauer to close its North American stores
Posted: March 17 26, 11:22 am
Eddie was no longer steady:
Eddie Bauer's nearly 200 stores in the US and Canada are expected to close after a failed sale effort
Shoppers will likely soon have to say goodbye to Eddie Bauer's retail stores across the US and Canada.
Nearly 200 North American storefronts of the iconic outdoor apparel chain are expected to shut down after the operating entity behind the stores failed to find a buyer during its Chapter 11 restructuring. Those store-closing sales are projected to wrap up before April 30, according to recent court filings in the company's bankruptcy case. The Eddie Bauer storefronts span 40 US states and six Canadian provinces, and employ roughly 2,200 people, the court documents say.
A planned March 6 auction for all or part of the North American store operating business was canceled after the company failed to receive any qualified bids, according to court papers filed earlier this month.
The bankruptcy does not affect Eddie Bauer's manufacturing, wholesale, or e-commerce operations, nor its retail business outside the US and Canada. Japan is home to several Eddie Bauer stores.
https://finance.yahoo.com/news/eddie-ba ... 56719.html