"Eddie Bauer LLC, an entity of retail holding company Catalyst Brands, which licenses the rights to operate Eddie Bauer stores across the United States and Canada, filed for Chapter 11 in federal bankruptcy court in New Jersey on Monday. The move puts the iconic American outdoor apparel chain's nearly 200 stores throughout the US and Canada at risk of closure. Under the Chapter 11 restructuring plan, the company said it will conduct liquidation sales at Eddie Bauer stores"
"The retailer has been "in a challenged situation, with declining sales, supply chain challenges and other issues" since before the creation of Catalyst Brands last year, Marc Rosen, the CEO of Catalyst Brands, said in a statement. "Over the past year, these challenges have been exacerbated by various headwinds, including increased costs of doing business due to inflation, ongoing tariff uncertainty, and other factors," said Rosen."
Eddie Bauer LLC, an operating entity of Catalyst Brands, filed for Chapter 11 bankruptcy in New Jersey, placing nearly 200 North American retail stores at risk of closure. The company intends to conduct liquidation sales at stores while pursuing a potential going-concern sale of all or part of its store operations; a sale could reverse a full wind-down. Retail and outlet locations will remain open initially as certain stores begin closing. Manufacturing and e-commerce operations will not be affected. The company cited declining sales, supply-chain challenges, inflation-driven costs, tariff uncertainty, and other factors. The filing lists more than 100,000 creditors.
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