These Massachusetts Eddie Bauer locations could close permanently [USA TODAY]
ADIDAS AG S/ADR (ADDYY)
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Source: USA TODAY
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 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 So far, the company has "substantially slimmed down its operations," according to a , and leases for 49 stores were not renewed. declining sales, supply chain challenges, and other issues for its financial woes. "This is not an easy decision," Marc Rosen, CEO of Catalyst Brands, . "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 permanently? A company spokesperson said Eddie Bauer stores were continuing to serve customers,
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