Eddie Bauer
This outdoor company had some problems with debt. In 2017, Golden State Capital, this Bellevue-based company’s owners, was thinking of selling the company to solve their financial problems. In the same year, their credit ranking was downgraded by S&P Global. This challenge, however, is nothing new to the company as it did come back from bankruptcy in 2009. Golden State Capital saved it from bankruptcy when they bought it in 2009. According to Nasdaq, the brand has had difficulties in keeping up with the trends. However, according to the stock exchange, it’s not really worried about Eddie Bauer anymore as the outdoor retailer is considering a merger with the California-based Pacific Sunwear. We wonder if Bluestem Brands would consider a merger…
Eddie Bauer
Bluestem Brands
Bluestem Brands is a retailer of appliances, apparel, electronics, beauty, and health products. It has 13 e-commerce sites like Bedford, Appleseed’s, Fingerhut, Fair, Draper’s & Damon’s, Gettingon.com, and Blair. The company made the list of Business Insider’s at-risk companies. In June 2018, a press release on BusinessWire showed some decline in numbers…Bluestem had shown its numbers in 2017 in the said press release. It showed that its net sales fell 10.9 percent at $381.1 million compared to its net sales in the first quarter of the fiscal year of 2017. The adjusted net sales didn’t include the exited businesses which lessened the drop in the net sales to 5.1 percent. It seems like PetSmart is doing better than Bluestem Brands.
Bluestem
