Eddie Bauer Files Chapter 11 Amidst Declining Quality and Private Equity Woes
The operator of approximately 180 Eddie Bauer stores in the U.S. and Canada has filed for Chapter 11 bankruptcy protection, citing declining sales and industry challenges. This marks the brand’s third bankruptcy filing in over two decades, as it seeks to restructure its operations. Most U.S. and Canadian stores will remain open during a court-supervised sale process, with a potential wind-down of operations if a sale cannot be executed. Eddie Bauer’s e-commerce, wholesale, and international operations, run by separate licensees, are not affected by this filing.
John Q. Hosedrinker