Centennial Outdoor Retailer Closes All Stores After 106 Years
Eddie Bauer is closing all of its physical stores after an impressive 106 years in business. This decision came in the wake of unsuccessful bankruptcy proceedings that failed to attract qualified buyers. A scheduled auction for the company was canceled when no adequate bids were received.
Liquidation Process and Store Closures
As part of the liquidation process, all Eddie Bauer stores are holding final sales. These sales are marked by strict conditions: all sales are final, no returns are accepted, and customers must use gift cards by March 12.
- The company started 2023 with 220 locations.
- Some closures have already occurred as leases expired.
History of Eddie Bauer
Eddie Bauer, established in 1920 in Seattle, is renowned for its outdoor apparel and gear. The company was the pioneer of the first patented down jacket in the United States. Over the years, Eddie Bauer expanded its reach to more than 500 stores globally.
Brand Future and Ownership Changes
Despite the closure of its physical locations, the Eddie Bauer brand continues. In January, the rights to its e-commerce and wholesale operations were sold to Outdoor 5. This move ensures that Eddie Bauer’s products will still be accessible to consumers online.
The company has a history of financial struggles. It previously filed for Chapter 11 bankruptcy protection in 2009 and was later acquired by Golden Gate Capital. In 2021, Eddie Bauer was sold to Authentic Brands.
The closure of all Eddie Bauer stores marks the end of an era for a brand deeply rooted in American outdoor culture.
