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Stock impact report

Eddie Bauer failed to find a buyer in bankruptcy. Will its stores close? [Yahoo! Finance]

ADIDAS AG S/ADR (ADDYY) 
NASDAQ:AMEX Investor Relations: adidas-group.com/en/investors/overview
Company Research Source: Yahoo! Finance
Now all of its stores could be on the verge of closing after it failed to find a buyer, according to court documents filed in early March. Will Eddie Bauer stores close? Eddie Bauer LLC, the operator of Eddie Bauer stores in the United States and Canada, and a licensee of the Eddie Bauer brand, could not find a satisfactory bidder for its assets by its March 3 deadline, according to a notice filed in the U.S. Bankruptcy Court of New Jersey. Since the retailer had no qualified bids for its remaining assets, the auction set for March 6 was canceled. With Eddie Bauer not finding a buyer, it will continue store-closing sales at all of its brick-and-mortar locations "unless and until a more value-maximizing transaction becomes available," according to the recent notice. When contacted by USA TODAY on Saturday, March 7, Eddie Bauer LLC said it is "not commenting publicly beyond what is in the company's court filings." In addition to not finding a bidder by March 3, Eddie Bauer co Show less Read more
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