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Eddie Bauer Going Online-Only?

If some bidders for bankrupt retailer Eddie Bauer have their way, the apparel company will liquidate its 370 stores and live its future life as an e-tailer, the New York Post says. The two hedge funds that control Eddie Bauer's $200 million in debt, Monarch Alternative Capital and Anchorage Advisors,...

By Ian Ritter | Updated on July 16, 2009

If some bidders for bankrupt retailer Eddie Bauer have their way, the apparel company will liquidate its 370 stores and live its future life as an e-tailer, the New York Post says.The two hedge funds that control Eddie Bauer’s $200 million in debt, Monarch Alternative Capital and Anchorage Advisors, are considering teaming up with Hilco Consumer Capital and Gordon Brothers. Hilco, Gordon Brothers and Monarch together bought the Linens ‘n Things name, which now sells items online after its stores folded. But apparently there are lots of bidders for Eddie Bauer that are proposing a number of different scenarios. However, it seems like this is going to be another bad development for retail landlords.Could Eddie Bauer’s retail stores survive this, or is the concept better off as an Internet-only enterprise?

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