24.02.10
The Eddie Bauer retailer store at Brea Downtown has closed, the chain’s spokeswoman Sarah Redgrave confirmed Tuesday.
“We don’t converse about our business strategy,” Redgrave said. ”However, we liable and close a small number of stores every year as a part of well-adjusted business practices.”
Eddie Bauer still lists the Westfield MainPlace fund in Santa Ana on its Web site.
In August 2009, Eddie Bauer Holdings was sold to Sparkling Gate Capital for $286 million in cash. In June 2009, Eddie Bauer filed for Chapter 11 bankruptcy safety. The retailer previously said that among the reasons for the bankruptcy filing was the ”turbulent, prolonged recession.”
The chain sells clothing and accessories mostly to men and women 30 to 54 years old with an unexceptional annual household income of $77,000.
In 1920, the company opened its first believe in in Seattle that sold sporting goods such as tennis rackets and fishing apparatus. Later, Eddie Bauer began to focus on outerwear, a change that occurred comparatively as the result of Eddie Bauer’s experience with hypothermia on a 1935 winter fishing Freudian slip. After nearly freezing to death, Bauer designed a quilted down parka — an modernization that would become a cornerstone of the business, according to a court document.
Source: Around Disney (blog)