These Connecticut Eddie Bauer locations could close permanently [Yahoo! Finance]
ADIDAS AG S/ADR (ADDYY)
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Source: Yahoo! Finance
After filing for bankruptcy last month, the retail operator for about 180 Eddie Bauer stores has put all U.S. and Canadian locations at risk of permanent closure. Eddie Bauer LLC, a division of Catalyst Brands, said on Feb. 9 that its outdoor clothing stores would remain open during a court-supervised sale process. But if no buyer is found, it said it would be forced to close its U.S. and Canadian locations So far, the company has "substantially slimmed down its operations," according to a court filing , and leases for 49 stores were not renewed. Eddie Bauer cited declining sales, supply chain challenges, and other issues for its financial woes. "This is not an easy decision," Marc Rosen, CEO of Catalyst Brands, said in a statement . "However, this restructuring is the best way to optimize value for the retail company's stakeholders and also ensure Catalyst Brands remains profitable and with strong liquidity and cash flow." When will we know if Eddie Bauer stores will close p
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