2009.06.17
Eddie Bauer files for bankruptcy
This just in, outdoor apparel chain, Eddie Bauer, filed for Chapter 11 bankruptcy protection today. The Seattle-based chain said it plans to sell its assets to a private equity firm, CCMP Capital. Read this New York Times story for the details.
CCMP has agreed to keep the majority of Eddie Bauer's stores open, according to this news release on the retailer's Web site. It's unclear which stores may close.
Eddie Bauer has 371 stores nationwide, including one in Roanoke at Valley View Mall.
That sucks. They made good quality clothing. I have no idea where to get good things now.
Comment by Alanna — June 18, 2009 @ 9:24 am
Hi, Alanna,
Just to be clear, there's no news on Eddie Bauer store closings at this point.
Comment by Jenny Kincaid Boone — June 18, 2009 @ 10:41 am
I think this time next year the retail world will look a lot different than it does now, I think we'll see a lot of store closings after this Christmas.
Comment by Doug Pirahna — June 18, 2009 @ 11:00 pm