Eddie Bauer Files for Bankruptcy, Plans Store Sales and Liquidation

Clothing retailer Eddie Bauer has filed for bankruptcy, aiming to sell a significant portion of its 200 stores while liquidating the remainder. Bloomberg posted on X, highlighting the company's strategic move to manage its financial challenges. The decision comes as Eddie Bauer seeks to restructure its operations amid a challenging retail environment. The company is focusing on maximizing the value of its assets through the sale and liquidation process. This development marks a significant shift for the retailer, which has been a staple in the clothing industry.