Eddie Bauer files for bankruptcy with 200 stores at risk of closure

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Eddie Bauer files for bankruptcy with 200 stores at risk of closure (www.dailymail.co.uk)

From the post:

>An iconic American outdoors brand is being forced to rethink its business route, with a major operator filing for bankruptcy amid plummeting sales. The operator of roughly 180 Eddie Bauer stores across the US and Canada has filed for Chapter 11 bankruptcy protection, citing declining sales and a host of other industry challenges. This marks the third bankruptcy in just over two decades for the storied - but increasingly struggling - brand, which began as a Seattle fishing shop in 1920.

Archive: https://archive.today/lV1ok From the post: >>An iconic American outdoors brand is being forced to rethink its business route, with a major operator filing for bankruptcy amid plummeting sales. The operator of roughly 180 Eddie Bauer stores across the US and Canada has filed for Chapter 11 bankruptcy protection, citing declining sales and a host of other industry challenges. This marks the third bankruptcy in just over two decades for the storied - but increasingly struggling - brand, which began as a Seattle fishing shop in 1920.

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[–] • 4 pts

That's what happens when you get bought by equity firms, loaded with crippling debt, and then cut every corner you can to try and stay afloat.

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[–] • 1 pt

Try to stay afloat? I didn’t realize they were. I just saw them flooding the store with the same generic shit you see in every big box store

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[–] • 1 pt

This is go-round three on the bankruptcy ride.

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