Eddie Bauer, a renowned name in outdoor apparel, is reportedly on the brink of closing its North American stores and seeking bankruptcy protection. This potential closure marks a significant shift for a brand that first opened its doors in 1920 in Seattle and once boasted over 600 international locations during the 1990s. Today, the company operates more than 200 stores across North America.

According to Women’s Wear Daily, the bankruptcy proceedings will not affect Eddie Bauer locations outside of North America. The company’s manufacturing, wholesale, and e-commerce activities are also expected to remain operational.

The bankruptcy filing is being initiated by Catalyst Brands, the current operator of Eddie Bauer stores. This development opens a window for various interested parties to bid for the rights to manage certain or all of the Eddie Bauer outlets. As reported by Business Insider, any successful bidder would gain the opportunity to license the brand from Authentic Brands Group, potentially preserving the store operations or integrating the brand into a broader retail portfolio.

The financial challenges Eddie Bauer faces are not new, as the outdoor retailer previously filed for bankruptcy in both 2003 and 2009. These past financial difficulties have set a precedent for the brand’s current situation, highlighting an ongoing struggle to maintain its retail presence.

A number of parties are expected to bid for the rights to operate some or all of the Eddie Bauer stores, according to Business Insider. A winning bidder would then be able to license the rights from Authentic Brands Group and potentially keep stores open or bring the Eddie Bauer brand under the umbrella of another retailer.

The outdoor chain has filed for bankruptcy twice in the past, once in 2003 and again in 2009.

Eddie Bauer is credited with having created the quilted goose down jacket, receiving a patent for the durable outerwear development in 1940.

Brick-and-mortar retail has had a rough start to 2026.

Saks Global —which owns luxury department stores Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman — filed for bankruptcy protection last month after running out of cash.