Eddie Bauer's nearly 200 stores in the US and Canada are expected to close after a failed sale effort

"Nearly 200 North American storefronts of the iconic outdoor apparel chain are expected to shut down after the operating entity behind the stores failed to find a buyer during its Chapter 11 restructuring. Liquidation sales have been underway at the US and Canadian stores, Eddie Bauer LLC - an entity of retail holding company Catalyst Brands that licenses the rights to operate Eddie Bauer stores across North America - has said in court documents."

"The Eddie Bauer storefronts span 40 US states and six Canadian provinces, and employ roughly 2,200 people, the court documents say. A planned March 6 auction for all or part of the North American store operating business was canceled after the company failed to receive any qualified bids, according to court papers filed earlier this month."

"Meanwhile, retail real-estate advisory firm RCS Real Estate Advisors said earlier this month that it was actively marketing about 174 Eddie Bauer store leases totaling more than 1 million square feet. The stores average roughly 6,300 square feet and are located in states including California, New York, New Jersey, and Washington."

Eddie Bauer LLC, operating under retail holding company Catalyst Brands, is liquidating approximately 200 storefronts across North America spanning 40 US states and six Canadian provinces. The company employed roughly 2,200 people across these locations. A planned March 6 auction for the operating business was canceled after receiving no qualified bids. Store-closing sales are currently underway and projected to conclude before April 30. The retail real-estate advisory firm RCS Real Estate Advisors is marketing approximately 174 store leases totaling over 1 million square feet, with individual stores averaging 6,300 square feet in established retail centers.

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