Eddie Bauer is heading to bankruptcy and could close its 200 stores, report says
Outdoor clothing company latest fashion retailer on brink of bankruptcy
- Outdoor apparel retailer Eddie Bauer is reportedly preparing to file for Chapter 11 bankruptcy.
- The potential filing could result in the closure of approximately 200 brick-and-mortar stores across North America.
- This bankruptcy would not affect Eddie Bauer's manufacturing, e-commerce, and wholesale operations, which are in the process of transferring to a new licensee, Outdoor 5.
- The bankruptcy filing is anticipated to occur once the deal to move operations to Outdoor 5, announced last month, has been completed.
- This would be the third time Eddie Bauer has filed for Chapter 11 bankruptcy, having previously done so in 2003 and 2009.
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