Eddie Bauer files for bankruptcy, begins winding down all stores in the US and Canada
Friday, February 13, 2026
Atlantic Commercial Brokers $38,800,000 Power Center deal in Boca Raton
Atlantic Commercial Group represented the purchaser in the acquisition of this
186,000 square foot power center anchored by Loehmanns, TJ Maxx, Michaels
Arts & Crafts, Zany Brainy, Mens Wearhouse and numerous other retailers.
ACG had completed over 15,000 square feet of lease agreements in the first
six (6) months of assignment.
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Somerset Shoppes - Glades Rd & Lyons Rd., Boca Raton, FL |
ACG Represents Purchaser of $19,000,000 Shopping Center in Boynton Beach
Atlantic Commercial Group represented the purchaser in the acquisition of this
140,000 square foot retail property anchored by Best Buy, and other retail tenants.
The property is located adjacent to the Boynton Beach Regional Mall owned by
Simon Properties and is currently 100% leased.
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Catalina Center - Gateway Blvd & Congress Ave., Boynton Beach, FL |
Atlantic Commercial Negotiates NNN Walgreens Sale in Boynton Beach
Atlantic Commercial Group, Inc. represented the Sellers in the sale of a free-
standing, recently developed Walgreens in Boynton Beach located at the
northwest intersection of Woolbright Rd. and Jog Rd. The Walgreens building
was completed in 2002 after Walgreens entered into a long term lease. The
property is immediately adjacent to a commercial tract of land consisting of
over (20) acres suitable for retail development.
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NNN Walgreens - Woolbright Rd & Jog Rd., Boynton Beach, FL |
Atlantic Commercial Represents Purchaser of NNN Eckerds in Fort Lauderdale
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NNN Eckerds - Commercial Blvd & US 441, Fort Lauderdale, FL |
Atlantic Commercial Negotiates Sale of Winn Dixie Anchored Center in Miramar
Atlantic Commercial Group represented the buyers and sellers in the $4,000,000
acquisition of the County Line Plaza, a 68,000 square foot retail shopping center
located on County Line Road, between University Drive and State Rd. 7 in Miramar.
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County Line Plaza- County Line Rd, Miramar, FL |
Eddie Bauer LLC, the entity responsible for operating the brand's brick-and-mortar footprint in North America, filed for Chapter 11 bankruptcy protection on February 9, 2026, in the U.S. Bankruptcy Court for the District of New Jersey, marking the end of the brand's century-long presence as a major physical retailer. Going-out-of-business sales have already begun across all 175 locations, which are set to close by April 30 unless a buyer emerges, with the brick-and-mortar operations carrying liabilities of more than $1 billion against assets of just $100 million to $500 million. The filing cites declining sales, supply chain challenges, ongoing inflation, and tariff uncertainty as key drivers, while the brand's e-commerce and wholesale operations — now managed by a separate entity called Outdoor 5 LLC — remain unaffected. The bankruptcy marks the third filing for the storied brand, which was founded in Seattle in 1920, and follows a string of high-profile retail collapses in early 2026 including Saks Global and Francesca's.
After 25 years of operations, Houston-based women's clothing and accessories chain Francesca's filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey, with plans to close all approximately 400 stores across 45 states and liquidate. The filing came after a convergence of factors including a 2023 data breach, failed investments in non-core brands, supply chain disruptions after two major suppliers lost their own funding, and the failure of an anticipated capital infusion in December 2025. The company carries about $30.1 million in secured debt, with between $10 million and $50 million in consolidated assets and approximately 1,000 to 5,000 creditors, including landlords Simon Property Group and Tanger Properties listed among its top 30 unsecured creditors. This marks the second bankruptcy filing in six years for Francesca's, which was previously sold out of bankruptcy in January 2021 to an affiliate of private equity firm TerraMar Capital for $18 million.
Retail industry trends for 2026 include continued AI adoption for product research and customer service, value-seeking consumers driving traffic to discount retailers, and shopping malls experiencing a rebound with renewed investment in mixed-use projects. Mall foot traffic increased in 2025, with indoor malls seeing a 1.8% rise in visits and visit durations up 3.3% compared to the first half of 2024, as traditional retail shopping centers transform into destinations for entertainment and experiences. Industry executives remain optimistic, with 96% expecting revenue growth and 81% anticipating margin expansion in 2026, despite challenges including weakened consumer buying power, high interest rates, and competition from mass merchants and value retailers. Specialty retailers face particular vulnerability in 2026 as high interest rates, shifts toward online shopping, and aggressive competition from mass merchants are predicted to push overleveraged companies into bankruptcy.