Popular outdoor store sets deadline to use gift cards in person amid bankruptcy

• Eddie Bauer's North American brick-and-mortar stores are undergoing bankruptcy proceedings, with all 175-180 physical locations set to close by April 30 unless a buyer is found.
• Customers must redeem gift cards and Adventure Points by March 12, after which unused rewards will lose their value as stores close, with all liquidation sales being final.
• The bankruptcy specifically targets the physical retail operations in the US and Canada and does not impact Eddie Bauer's online, manufacturing, wholesale businesses, or international stores.
• This marks the third bankruptcy filing for the outdoor apparel retailer in just over two decades, signaling a continued decline for the once-iconic brand.
• As part of the Chapter 11 process, Eddie Bauer is marketing approximately 174 store leases across 40 US states and six Canadian provinces, aiming to maximize value for stakeholders.

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Customers have less than two weeks to use Eddie Bauer gift cards as company puts 174 leases on the market