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Stock impact report

All remaining Eddie Bauer stores face imminent closure after nobody steps up to buy bankrupt brand [Yahoo! Finance]

CoStar Group, Inc. (CSGP) 
Last costar group, inc. earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: costargroup.com/investors/stock-info
Company Research Source: Yahoo! Finance
Eddie Bauer retailer Eddie Bauer LLC, which operates the brand's stores in the United States and Canada under a licensing agreement, did not receive any qualified bids for its assets by a March 3 deadline, according to a notice filed in the US Bankruptcy Court in New Jersey. Because no bidders emerged, a planned auction scheduled for March 6 was canceled. The Seattle-based clothing retailer filed for Chapter 11 bankruptcy on February 9, citing declining sales, supply chain challenges and other financial pressures. The filing was made by Eddie Bauer LLC, a division of Catalyst Brands, which holds the license to operate about 180 Eddie Bauer stores across the US and Canada. With no buyer in place, the company said 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 court filing. Eddie Bauer will continue store-closing sales at all North American locations as the Show less Read more
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