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MoneyWatch

Eddie Bauer's retail operator declares bankruptcy

By
Megan Cerullo
 
Megan Cerullo
Reporter, MoneyWatch
Megan Cerullo is a New York-based reporter for CBS MoneyWatch
covering small business, workplace, health care, consumer spending
and personal finance topics. She regularly appears on CBS News 24/7
to discuss her reporting.
Read Full Bio
Megan Cerullo

Updated on: February 9, 2026 / 2:01 PM EST / CBS News

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Eddie Bauer said Monday that it has declared bankruptcy -- the third
time the 106-year-old outdoor apparel retailer has filed for Chapter
11 protection from its debts.

The Bellevue, Washington-based company, which operates roughly 180
stores across the U.S. and Canada, said its retail locations will
continue serving customers as the company starts winding down some
stores. Its e-commerce and wholesale operations are not affected by
the filing because they are operated separately.

The bankruptcy doesn't affect Eddie Bauer stores in markets outside
the U.S. and Canada.

"This is not an easy decision," Marc Rosen, CEO of Catalyst Brands,
which holds the license to operate Eddie Bauer stores in the U.S. and
Canada, said in a statement. "However, this restructuring is the best
way to optimize value for the retail company's stakeholders and also
ensure Catalyst Brands remains profitable and with strong liquidity
and cash flow."

In recent years, the company has faced dwindling sales, supply-chain
issues and what Rosen on Monday cited as "ongoing tariff
uncertainty."

"While the leadership team at Catalyst was able to make significant
strides in the brand, including rapid improvements in product
development and marketing, those changes could not be implemented
fast enough to fully address the challenges created over several
years," he said. 

Eddie Bauer launched in 1920 as a Seattle fishing shop, and became
known for providing outerwear, including down jackets and sleeping
bags, for the military during World War I. In 1963, Jim Whittaker
wore the company's clothing in becoming the first American to climb
Mount Everest.

Edited by Alain Sherter

The Associated Press contributed to this report.

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