Why eddie bauer failed

CIT , Fortune Eddie Bauer has been posting losses on falling sales this year. The company said in January it hired investment banking firm Peter J. Solomon Co. The retailer emerged from Chapter 11 bankruptcy in after former owner Spiegel Catalog sought bankruptcy protection in At the time of its emergence, the company had more than stores in the United States and Canada.

It now has about stores in North America and 10, employees worldwide, according to its Web site. Eddie Bauer shares were down nearly 7 cents, or See all CNNMoney. Click the chart to view the latest stock prices. By , the company had grown to retail and outlet stores from After leaving court protection in , Eddie Bauer twice failed to sell itself. Nevertheless, retail consultants say there still is value in the Eddie Bauer brand.

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Dunn has defeated challenger Kim-Khanh Van, a Renton city council member and fellow attorney. Exactly how many people will be out of work for ignoring Gov. Under the reorganization plan, general unsecured creditors, excluding Spiegel Holdings and its affiliates, would recover about 90 percent of their claims through a combination of cash and common stock, Spiegel said. Spiegel said it expects a hearing to be held on its disclosure statement in bankruptcy court on March Share story.

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