Eddie Bauer
Eddie Bauer is an outdoor company based in Bellevue. In 2009, it bounced back from its bankruptcy. However, we don’t know what is next for the company. It suffered a credit ranking downgrade at the hands of S&P Global as well. There is a good chance that it will merge with California-based company PacSun.
Mattress Firm
Unfortunately, our favorite mattress retailer recently applied for Chapter 11 bankruptcy. Part of it is due to an accounting issue. The company announced that it would put 700 of its 3,500 stores on the market. They hope to turn things around by ending excessive leases and restructuring the company.