Eddie Bauer Hits Nasdaq

REDMOND, WA-Clothing retailer Eddie Bauer will begin trading on the Nasdaq tomorrow, under the symbol “EBHI.” The 375-store chain filed a registration statement with the SEC in May to work toward the move. The company had been traded on the OTC Bulletin Board.

The listing comes as the locally based retailer’s sales are dropping, and it is losing money. During its most recently reported quarter, which ended July 1, the company reported a net loss of $42 million. Same-store sales dropped 5.9% year over year, and total revenues dropped to $225.7 million from $243.8 million during the same year-ago period.

The retailer has been trying to change its merchandise mix to enhance sales, management said in its quarterly report. Last month Eddie Bauer also inked a deal with Linens ‘n Things to sell a bedding-product line in that chain’s stores.