Eddie Bauer Jumps In The Bankruptcy Pool

Eddie Bauer is the latest retailer to file for bankruptcy, and it says it hopes to be sold outright rather than try to reorganize, refinance, or liquidate. The AP says the clothing company had “$476.1 million in assets and $426.7 million in debt at the time of the filing Wednesday with the United States Bankruptcy Court of the District of Delaware,” and that by declaring Chapter 11 now it hopes to reassure suppliers and stave off impending cash flow problems.

“Eddie Bauer files for bankruptcy protection” [Yahoo Finance] (Thanks to Justin!)

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  1. YourTechSupport says:

    Noo! Say it ain’t so, Eddie! The only non-racist named designer company I can name off the top of my head! No!!!

    • Ichiro51 says:

      @YourTechSupport: How about a list of racist named designer companies? I guess I can’t name any off the top of my head…

      • ngoandy says:

        @Ichiro51: Abercrombie is the immediate company I think of when it comes to racism, sexism, etc.

        • HiPwr says:

          @ngoandy: Is a list of one really a list?

          • I speak Jive. says:

            @HiPwr: Hate to bubble burst, but Eddie Bauer had a very nasty situation in suburban DC in the early 90s- 2 African American kids went into a store wearing Eddie Bauer clothing. After bringing their items to the register, the clerk accused them of stealing; they were made to remove their shirts and were sent home.

            When the story made news, Eddie Bauer sided with the clerks despite the fact security footage captured them, but didn’t reveal stealing. The company refused to offer an apology. That sparked a local boycott that never quite went national.

            Of course one incident doesn’t equal a pattern of racism, but it was enough for me and many of my friends.

            • HiPwr says:

              @I speak Jive.: I didn’t know I had a bubble to burst.

              I also don’t see the racism in your story.

              • ugadawg says:

                @HiPwr: If you don’t see the racism in that story then I feel sorry for you. I recall this very story. I agree with ‘I speak Jive’ on the racist angle on this event. The fact that corporate stood behind the employee should tell you something. I refuse to shop there just because of that.

                • HiPwr says:

                  @ugadawg: Perhaps it was racism, I don’t know. I do know that nothing in I speak Jive.‘s recounting of the story indicates that it was. Just because the accused were black, doesn’t mean that it is racism. Would you call it racist if they were Asian?

                  If you are of the view that any wrong (actual, or perceived) comitted against African Americans can be blamed on racism, then it is I that feel sorry for you.

                  • ugadawg says:

                    @HiPwr: It is when of all the people they accuse of stealing stuff it just so happen to be a couple of African American teens. I’m sure they weren’t the only people in the store wearing EB gear. It is when Eddie Bauer realizes they don’t have a case and settled out of court. AND the fact that they were told to strip of their recently purchased shirts by the two security guards before leaving the store. If they did steal the shirts I’m sure the ones they were wearing BEFORE they came in the store would still be on the premise and serve as solid circumstantial evidence that they did steal them. At any rate they couldn’t prove it on the tape.

                    • HiPwr says:

                      @ugadawg: @I speak Jive.: I’m not saying that it wasn’t racism. I’m saying that I don’t know that it was and I have yet to read something that proves it one way, or the other.

                      ugadawg‘s argument that the youths were black and there may have been white youths that weren’t harassed; that just doesn’t cut it with me. Racism is such a loaded and incindiary charge, I don’t think we should make assumptions about motives without anything more than the skin color litmus test. Your argument would gain strength if there was a pattern of systematic harassment of black customers as opposed to white customers. It’s empirical evidence, but it is evidence nonetheless.

                      If Eddie Bauer had confiscated the shirt of a white customer, I doubt that you would call that racism. Even if the confiscator were black. But if that had happened, does that mean that the incident with the two black teens wasn’t racist? It may still be. Or it could just mean that the managemer of the store is an asshole.

                      Without a policy to point to, or a pattern, or racial slurs being thrown about, I don’t know how a reasonable person can conclude that this isolated incident is racism.

                    • ugadawg says:

                      @HiPwr: Good luck in life.

                    • HiPwr says:

                      @ugadawg: Right back at ya. I wouldn’t want to go through live as a perpetual victim.

                  • I speak Jive. says:

                    @HiPwr: I guess you’ve never heard of racial profiling- it’s when certain racial/ethnic groups are singled out for increased scrutiny based only on their racial/ethnic attributes.

                    The question isn’t would I call it racist if they were Asian- the question is, has Eddie Bauer ever confiscated a shirt off the back of a White customer?

                  • I speak Jive. says:

                    @HiPwr: My response was unnecessarily snarky. A little background:

                    The incident occurred during the height of profiling in the Washington DC area. Around the time it happened, several local and national politicians had been stopped for DWB in White neighborhoods. African Americans were routinely followed in local stores, and it came to light that in many cases, it was per manager’s orders. The Eddie Bauer incident was different because it went all the way up the ladder to corporate and they refused to admit fault.

          • ngoandy says:

            @HiPwr: A very small list, haha.

            I guess I could turn it into a list if I included Hollister and Ruehl, since they are owned by Abercrombie.

            I’m wondering who else YourTechSupport is thinking of when mentioning a list.

    • Sparerib says:

      @YourTechSupport: wat? Are you talking about?

  2. mschlock says:

    Son of a bitch, I’m wearing an Eddie Bauer shirt right now. And I just spent $200 at an EB outlet over the weekend. Hope they don’t disappear completely.

    • Eyebrows McGee (now with double the baby!) says:

      @mschlock: I know, I still have my Eddie Bauer backpack from college (with the lifetime guarantee) and my favorite flannel overshirt, from the Seattle-drenched 90s, is an Eddie Bauer, and I’ve had it since about 1993, taken it to a dozen countries, 30 states, two continents, used it as a shirt, overshirt, nightshirt, pillow, blanket, emergency jacket, fashion statement, hobo pack wrap … and it’s still in basically perfect condition.

      I don’t shop a lot at EB because it’s not really my style, but when I do buy there, their stuff LASTS.

    • pecan 3.14159265 says:

      @mschlock: Can I ask a question? I understand the style of Eddie Bauer, and how it’s kind of like an almost LL Bean…but what demographic are they aiming for? My parents (40s) love LL Bean and Eddie Bauer, and anytime I’ve ever walked in there, nothing has fit me properly. I am attributing this to my age a little bit (20s) but also maybe the fact that the women’s clothes are always about three sizes too big? I always got the feeling that Eddie Bauer presumed that women who would shop there are all waist-less, amorphous people in their 50s.

      • ElizabethD says:

        @pecan 3.14159265:

        I think I heard my name called. ;-)

      • mschlock says:

        @pecan 3.14159265: You know, I’m not sure who their actual demographic is, but I’m 30 and perhaps I shop older than I am. I shop there because they make a lot of decent knits, and speaking as someone with, shall we say, abundant tatas, I can’t wear most buttondowns.

        It’s NOT tight-tight-tight shirts like the kids are wearing these days. *ahem* But they’ve added a bunch of cuter stuff lately — stuff with shape and cut.

        YMMV!

  3. MaytagRepairman says:

    Anybody know how many people they have employed in Bellevue? I’m wondering how many lay-offs are coming.

  4. rpm773 says:

    Wow. Eddie Bauer. I haven’t purchased anything there since a few LL Beans moved into the general area. Good luck with the proceedings, Eddie.

  5. dreamsneverend says:

    Damn… I get my work kakhis from them since it’s so easy to get long inseams for my height. My wife shall mourn this if they cease to exist.

    • Etoiles says:

      @dreamsneverend: My fiance also buys all of his work khakis from them, because it’s easy to get short inseams for his lack of height. He’ll be bummed.

    • Julia789 says:

      @dreamsneverend: I get all my husband’s clothes from Landsend.com. They have free custom hemming available on a lot of their pants. Not every pair but quite a few. I told a very short friend about this service, and she has been thrilled about it for years with their women’s pants.

      Their men’s khakis seem to have a wide range of inseams to choose from [www.landsend.com]

      They also sometimes offer “custom made” pants sewn up based on your measurements and style preferences, for not much more than regular pants. Here is a link to their custom men’s khakis [www.landsend.com] and custom men’s jeans [www.landsend.com]

      • ElizabethD says:

        @Julia789:
        Agree with the Lands End recommendation for men’s khakis. My husband gets all his from them with the custom hemming. He also likes their shorts and their dress oxford shirts.

  6. MaytagRepairman says:

    Hey Ford, now is the time to drop the Eddie Bauer edition Explorer for a Jack Bauer edition.

    • The-Lone-Gunman says:

      @MaytagRepairman: Hey Ford, now is the time to drop the Eddie Bauer edition Explorer for a Jack Bauer edition.

      ..which is attacked and damaged severely by terrorists every 24 (hours).

    • winshape says:

      @MaytagRepairman: With the sweet foam-outlined arsenal case in the trunk?

      • MaytagRepairman says:

        @winshape: Yes, I was just thinking of painting the Eddie Bauer edition black and putting a multi-purpose-storage “gun” drawer in the back.

    • pecan 3.14159265 says:

      @MaytagRepairman: You know, I think this probably should’ve been a good opportunity on the part of Eddie Bauer to hook up with Fox and Ford and make a Jack Bauer edition. Think of the possibilities if they could have done that! It’s not like Jack would walk around the office wearing an Eddie Bauer sweatshirt or anything, but if you have ads that say that Jack Bauer wears a lot of Eddie Bauer, maybe that could have saved the company a little – and given them the badass manly-man outdoor wear credibility they so desperately needed after LL Bean came and destroyed them.

  7. "I Like Potatoes" says:

    I like Eddie Bauer but I did notice that they have closed quite a few of their mall stores the past couple of years.

  8. SacraBos says:

    RIP. I liked their stuff. It always seemed like it was well made.

    • yagisencho says:

      @SacraBos:

      Agreed – have never had trouble with the quality. Probably why nearly half my wardrobe is from Eddie Bauer.

    • pax says:

      @SacraBos: I worked at an Eddie Bauer store for a while to make some extra cash. I had to buy a lot of their stuff to wear to work, but 1.) they had a generous employee discount and 2.) four years later, I’m still wearing it. It is quality stuff.

      • Eyebrows McGee (now with double the baby!) says:

        @pax: 4 years? My favorite Eddie Bauer shirt is 15 years old and still looks great. And I’ve gotten a LOT of wear out of it.

  9. somewhat lord of PRNG attacks says:

    I have a feeling they may not be going anywhere. This firm that has bid on them (CCMP) seems to want to continue operations, albeit probably closing some stores. Their website lists some of their investments/ownerships as things like Quiznos, so it may not be one of those Circuit City-style liquidations, unless the vultures come around and bid very high for the assets.

  10. hills says:

    Not a big fan of the clothes, but the old Eddie Bauer Home Stores were great – super sheets, comforters, and high quality bedroom furniture – was sorry when that closed years ago!

    • ElizabethD says:

      @hillsrovey:

      Yeah, I miss their home store. I bought a lot of linens there (on sale, of course!). The best flannel sheets ever — no pilling, totally colorfast.

  11. hc130radio says:

    So, I guess no more Ford Expeditions?

  12. Connie Lee says:

    I bought a blue polyester messenger bag from EB in middle school and it lasted me until at least high school. In fact, I think I still have it somewhere and it’s still perfectly usable. Needless to say, my mother and I were highly disappointed when the store in our local mall closed a few years ago.

    • calquist says:

      @Connie Lee: I have a bright orange backpack that I got my freshman year of college from an EB outlet store. It is still in great shape after 4 years of carrying booze, I mean books, all over the place. I never had an issue with quality from them.

  13. sponica says:

    I still use the Eddie Bauer backpack I bought when I went off to college in the fall of 2002. It’s in awesome shape. For a while, the bulk of my wardrobe was Eddie Bauer. Their down jackets are some of the best made. I think they should be ok in the end…I do feel bad for not ordering from them recently. But right now, I can’t cost justify anything

    • Hirayuki says:

      @sponica: I still have (and occasionally use, mostly out of lack of opportunity) my EB college messenger book bag, too, purchased back in ’95. It’s worn a little shiny on the inside, but the rest is mint.
      I like their clothes and have recently fallen in love with their Curvy Fit jeans (even while having become increasingly disillusioned with the poor styles and fit of their made-for-outlet line). Not to mention that my husband is very slim and very tall and got a lot of mileage out of their custom inseams. I hope they stick around.

    • Eyebrows McGee (now with double the baby!) says:

      @sponica: plus if you bust the backpack, they replace it.

  14. Psychosocial says:

    My girlfriend is a big EB fan. It’s one of the few places we still spend money at. Hellistore & Abercrummy and Fitch no longer get our cash. That makes me sooo happy too as I can’t STAND those stores, and the prostitues in waiting that work there.

  15. Ihaveasmartpuppy says:

    Well, poop. I was at Eddie Bauer today, bought a pair of shorts and 2 pair of pants. They all fit PERFECTLY. It figures.

  16. elysse says:

    Still have my Eddie Bauer wristwatch that I got as a gift to replace my lost Seiko back in ’99. Hope they stay around in one form or another…. with the same quality…. that’s asking too much, isn’t it?

  17. Robobot says:

    Oh man! All the freakishly tall people in my extended family are going to be wandering around in highwaters if Eddie Bauer stores end up going away. I really don’t care for their style of clothing, but for tall sizes they are unparalleled.

    • Eyebrows McGee (now with double the baby!) says:

      @Robobot: It’s not the same quality level, but Old Navy online has an extended range of sizes that fit tall people. (And short people.)

      LL Bean and Lands End typically have extended ranges as well.

  18. magic8ball says:

    So this is probably a dumb question, but can I still order stuff from their catalog, or will they immediately cease operations?

  19. Iris Zawilski says:

    In 1987 I bought an Eddie Bauer soft-sided briefcase because I was promoted to a field job with my employer. It was thrown into more car trunks and on more office and interview room floors than I can count, while stuffed to bursting with files and papers. When I retired in 2005, I was still carrying that same briefcase every day. It’s hanging on the wall downstairs right now, and it still looks good.

    Just today the husband and I spent well over a hundred dollars in an Eddie Bauer outlet store, and it wasn’t the first time this year either.

  20. dragonpup says:

    Damn, I better get to the nearest EB tomorrow while they are still around. :-(

  21. Boulderite says:

    Nooooooo! My favorite jeans are from there! They fit perfectly and I don’t have to hem them!

  22. ElleDriver says:

    I’ll join the chorus of fond EB reminiscing: I bought my first EB knapsack back in 1993, during high school. The bag stayed with me through college, was my companion when I went to Europe post-graduation, and was still in use (and in great shape) until last year, when my (stupid) boyfriend ripped the zipper, and somehow lost the bag when we moved. (He could not comprehend why I was so upset over a 15 year old bag.)

    I am honestly saddened and disappointed to hear this news – they made truly great stuff that lasts for years – I hope they manage to sort themselves out.

  23. viqas says:

    no more life time warranty on clothes?

  24. Tina Adriano says:

    I just love Eddie Bauer. It’s the first store I visit when going to an outlet.
    Love the polos, shirts, cardigan, pants, dresses and hats! It fits well and lines are simple, uncomplicated, stitched well and in a class of its own. Eddie Bauer will be sorely missed if they’re gone. Will cherish all my Eddie Bauer goodies and hoping that in one way or another, the brand stays on.

  25. sean98125 says:

    I wonder if our titans of industry are starting to figure out that borrowing a bunch of money to finance your business expansion may not be a good idea for the long run. Eddie Bauer sells plenty of merchandise, but because they lived off their debt now they might be screwed.

  26. cheesebubble says:

    Wow. I’m impressed by the EB love. I thought only middle aged women and lesbians shopped there. Turns out more demographics will be affected than previously thought.

  27. Brent says:

    Eddie Bauer is a not-quite LL Bean company that infamously stuck its name on the side gas-guzzling Ford Explorer SUVs.

  28. HogwartsAlum says:

    I can’t afford Eddie Bauer stuff.

    I did get a shirt from there for Christmas once that didn’t fit, and I exchanged it for a beautiful turquoise button down, but I accidentally washed it with something red and it got dye spots all over it. I was so pissed because I couldn’t afford to replace it.

    • pecan 3.14159265 says:

      @HogwartsAlum: Eddie Bauer, though it’s not my style, is beloved by my parents – and they always catch amazing sales, and go to the outlet stores. You should have more luck soon if they really do start liquidating.

  29. Crissy Thompson says:

    This makes me sad :( I always stock the hubby up on new polos when the EB outlet has them for $7. I don’t care much for the women’s selection, but those polos can stand up to anything. And add me to the list of people who shop there for tall sizes…hubby is 6’4 and EB khakis are a godsend.

  30. maruawe42 says:

    This is a small loss to consumers Eddie Bauer products are cheaply made and do not last. I worked at a big box store and the returns were enormous for Eddie Bauer products. Most of the products just fell apart.

  31. ElizabethD says:

    I guess this explains all the online sales at Eddie Bauer in recent weeks. (That deal on shorts was sweet!) Even on sale, though, a lot of their products are overpriced IMO.

  32. Don Roberto says:

    eddie who?