Friday, June 19, 2009

Retailer Eddie Bauer Files for Bankruptcy

This post on retailwire discusses how the apparel retailer Eddie Bauer will be filing for bankruptcy for a second time since 2003. The chain, which is targeted to those with an average income of $77,000 has not made a profit in three years. The prolonged recession has definitely taken its toll on this classic retailer, which has been around since the 1920's. What are some other clothing chains that are facing the same problem?

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