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Article: The Spiegel Group Identifies Eddie Bauer Stores to Close; Stores to Remain Open Through Completion of Store-Closing Inventory Sales.
- Article from:
- PR Newswire
- Article date:
- December 30, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Spiegel Group (Spiegel, Inc.) today announced the location of 29 Eddie Bauer stores it intends to close in 2004, 16 of which involve natural lease expirations. These store closings are part of the company's ongoing efforts to improve the productivity of its store portfolio. The company filed a motion with the Bankruptcy Court (the Court) on December 5, 2003, seeking approval of its store-closing plan. In November, the Court, in response to a separate motion filed by the company, approved the opening of up to 17 Eddie Bauer stores in 2004.
Store-closing sales are expected to begin on or about January 9, 2004, subject to Court approval of the December 5, 2003 ...