From CNN online:
“Eddie Bauer Holdings Inc. filed for Chapter 11 bankruptcy protection Wednesday, citing an inability to pay back debt.
Eddie Bauer (EBHI) emerged from Chapter 11 bankruptcy in 2005 after being spun off from former owner Spiegel Catalog, which itself sought bankruptcy protection in 2003.
Costs from the 2005 reorganization, combined with pressure from the current recession, left the company ‘with no choice but to use this process to reduce the debt load,/ said chief executive Neil Fiske in a prepared statement.’”
Eddie Bauer has 371 stores nationwide. In San Bernardino County, there is an Eddie Bauer store in Rancho Cucamonga at Victoria Gardens. In Riverside County, the Dos Lagos Center in Corona also has an Eddie Bauer store. It seems that no closings are imminent, but if a new buyer takes over, however, it’s unclear what effect that would have on store closings.
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