Saks and Eddie Bauer Shutter Hundreds of Stores Following Bankruptcy

Saks Global and Eddie Bauer are shuttering hundreds of North American retail locations following Chapter 11 bankruptcy filings and restructuring efforts.Saks Global CEO Geoffroy van Raemdonck announced the closure of 57 Saks Off 5th stores and all Last Call outlets to refocus on luxury brands and manage debt from a $2.7 billion acquisition.Eddie Bauer CEO Ken Ohashi is preparing for the closure of approximately 200 stores as the outdoor brand transitions its operations to the licensing platform Outdoor 5.