Eddie Bauer declares bankruptcy(cbsnews.com)
cbsnews.com
Eddie Bauer declares bankruptcy
https://www.cbsnews.com/news/eddie-bauer-bankrupt-outdoor-apparel/
69 comments
LL Bean used to have a similar return policy but people started abusing it; now you only have a year.
A number of outdoor sports retailers that used to have no-questions-asked return policies and internal repair departments have dropped them. I have known people who basically had a practice of indefinitely returning worn out clothing for replacement. I did return a jacket to Patagonia a number of years back and they gave me a decent credit but, in my defense it had basically completely delaminated.
When LL Bean ended their lifetime return policy, their CEO wrote this:
> Increasingly, a small, but growing number of customers has been interpreting our guarantee well beyond its original intent. Some view it as a lifetime product replacement program, expecting refunds for heavily worn products used over many years. Others seek refunds for products that have been purchased through third parties, such as at yard sales.
People were buying old items on eBay and returning them to the store to get a brand new item.
> Increasingly, a small, but growing number of customers has been interpreting our guarantee well beyond its original intent. Some view it as a lifetime product replacement program, expecting refunds for heavily worn products used over many years. Others seek refunds for products that have been purchased through third parties, such as at yard sales.
People were buying old items on eBay and returning them to the store to get a brand new item.
Bad faith actors ruin everything good eventually. From small things like return policies for retail chains, to the political process of an entire country.
True. I never used their return, but a lot of my newer ll bean stuff has had problems a couple years out, so I stopped buying from there. I feel like they’re using as an excuse to lower their quality.
(Jacket zipper just broke and the buttons that held the inside insulation of a jacket came off, shoe sole issues).
(Jacket zipper just broke and the buttons that held the inside insulation of a jacket came off, shoe sole issues).
Yup. I've personally known people who, shamelessly, would get a Keurig from Costco, drink all the sample pods, and then exchange for a new one, repeatedly.
Ringing up expensive grocery items as cheap SKU at Whole Foods self checkout...
Going on shopping sprees and then calling the credit card company to report it as fraud...
Buying a fancy dress to wear for a few nights out and then returning it...
All things people close to me have done, or continue to do on a regular basis
Talking about a relatively "privileged" class of people here- multiple homes, multiple cars, kids in private school- not struggling single moms working double shifts to put food on the table.
Something's broken in our society.
Going on shopping sprees and then calling the credit card company to report it as fraud...
Buying a fancy dress to wear for a few nights out and then returning it...
All things people close to me have done, or continue to do on a regular basis
Talking about a relatively "privileged" class of people here- multiple homes, multiple cars, kids in private school- not struggling single moms working double shifts to put food on the table.
Something's broken in our society.
I mean, some of those things, and others examples are "just" being an asshole/abusing goodwill.
But some of your examples are actually committing crimes, the first two in particular - especially that second.
But some of your examples are actually committing crimes, the first two in particular - especially that second.
You've always had some proportion of con artists/grifters of course but anecdotally it does seem that there is a higher proportion of people in the US who will, if not flagrantly steal, will do things like this especially against corporations that they mentally categorize as being evil.
Society can handle a small percentage of grifters, they've always been there and always will be. The change is that enshittification is mainstream in the corporate world and feels indistinguishable from being scammed. People begin to feel immersed in it and stop seeing the world as mostly honest and instead as mostly scams. Then good faith policies like these return policies get burned by way more people who lost trust in the system. Then we lose those too.
I sort of hate the "enshitification" term that gets thrown around way too lazily. But, for a variety of reasons, people are tending to deal with larger corporations for the most part and--hey--if I get some money on the side because of a mistake? Whatever. In a way I wouldn't have at some local store.
I think that's increasingly true. A lot of people want to game the system and you mostly don't want to place the burden of what's reasonable on a low-paid customer service worker. So you set reasonable and (mostly firm) time limits and let the processes take their course. Should be some wiggle room of course. But it's not reasonable to offer lifetime replacements unless people are willing to pay the 2x to 3x prices that implies--which very few will.
I sent an Eagle Creek suitcase in and they honored the warranty even though it's maybe 15 years old. They sent it to a repair place who actually fixed every single issue with it (first a broken wheel, then later a torn pocket, broken buckle, and missing zipper pulls). I honestly can't believe that the repairs are cheaper than just replacing it, but it has worked out really well. It's a shame more places don't do that.
I still main a Jansport backpack for taking my laptop in. It has minor wear and tear but works great after >10 years.
Similar anecdote here.
I still use daily the Timberland backpack I got in 2009. Again, some wear and tear (actually just wear, thankfully no tears) but works great at the 17 year mark, even though it has gone through anything from daily use to travel to trekking.
Other backpacks have come and gone when I thought it'd need replacing, but kept trudging on. Now I don't want to have to let go of it, even though it looks "a bit" old.
I know it's not good for business to have long-lasting products. But some items like this backpack, a 2008 Fujitsu workstation, or a 2013 MacBook Air (not to mention the Faber Castell TK 4600) that simply keep on working become something akin to lifelong companion tools.
It goes to show the benefits of deep forethought and good design. And, I guess, the stubbornness of some users :)
I still use daily the Timberland backpack I got in 2009. Again, some wear and tear (actually just wear, thankfully no tears) but works great at the 17 year mark, even though it has gone through anything from daily use to travel to trekking.
Other backpacks have come and gone when I thought it'd need replacing, but kept trudging on. Now I don't want to have to let go of it, even though it looks "a bit" old.
I know it's not good for business to have long-lasting products. But some items like this backpack, a 2008 Fujitsu workstation, or a 2013 MacBook Air (not to mention the Faber Castell TK 4600) that simply keep on working become something akin to lifelong companion tools.
It goes to show the benefits of deep forethought and good design. And, I guess, the stubbornness of some users :)
You did’t even have to argue with Jansport. The threading was coming undone on my 15 year old Jansport backpack, so I mailed it in, they fixed it, and sent it back to me. Still using it almost 30 years after originally buying it,
It amazing that even 25 years after mainstream ecommerce that we're still seeing the effects work their way through retail. Good reminder for anticipating how and when other majorly disruptive technologies like autonomous vehicles and AI will have impact.
It's not really ecommerce. it's PE parasites selling the brand equity.
The article doesn't really mention: Authentic Brands Group, an asset-light PE org, bought it in 2021; a company called Outdoor 5 LLC now licenses Eddie Bauer's e-commerce and wholesale operations; and we're well deep into enshittification. You can find widespread complaints of bad product quality. Note that ABG wasn't the first PE company to own them, but they seem to have accelerated the enshittification / are doing a bust-out: turning them into a bottom-dollar contract manufacturer scam before people broadly realize the brand name no longer merits the quality reputation it has/had.
The article doesn't really mention: Authentic Brands Group, an asset-light PE org, bought it in 2021; a company called Outdoor 5 LLC now licenses Eddie Bauer's e-commerce and wholesale operations; and we're well deep into enshittification. You can find widespread complaints of bad product quality. Note that ABG wasn't the first PE company to own them, but they seem to have accelerated the enshittification / are doing a bust-out: turning them into a bottom-dollar contract manufacturer scam before people broadly realize the brand name no longer merits the quality reputation it has/had.
These brands are being bought by PE because their business models are under attack by low-cost competitors on one side, and e-commerce on the other. They no longer have a way of differentiating themselves and winning customers, so they become less valuable, and Private Equity investors buy them out at a 'salvage value'. PE often pursues risky strategies in an attempt to make the brand profitable again, and these strategies often fail. Stories like EB's are not ones of PE buying and destroying otherwise successful companies.
It's very popular on here to attack PE--which I'm not going to especially defend. But it's also the case that PE also tends to come in when a company is already troubled in some manner. One answer I guess, is just go out of business on your own which many companies do.
> One answer I guess, is just go out of business on your own which many companies do
Yes. One of the genuine services (in an economics sense) PE provides is to do the dirty reputation-ruining cash-grab tricks that original founder/owners don't have the stomach for.
Yes. One of the genuine services (in an economics sense) PE provides is to do the dirty reputation-ruining cash-grab tricks that original founder/owners don't have the stomach for.
> But it's also the case that PE also tends to come in when a company is already troubled in some manner.
The problem is that PE also has a nasty habit of coming into a business that is marginally profitable but not spectacularly so, saddling it with giant amount of debt to vacuum up the cash flow, and killing the business.
There is nothing wrong with a sustainably profitable business. Investors, however, want returns from the lottery ticket that they fund.
The problem is that PE also has a nasty habit of coming into a business that is marginally profitable but not spectacularly so, saddling it with giant amount of debt to vacuum up the cash flow, and killing the business.
There is nothing wrong with a sustainably profitable business. Investors, however, want returns from the lottery ticket that they fund.
Yup. They'll borrow huge sums on the credit and good basis of the company, and then "charge it" all to themselves as "management fees", vacuum it dry, and dump the company.
The implication here is that there exist lenders willing to lend money that they will never get back.
Who are these lenders, and why are they so bad at their job that even random commenters online know the folly of their business?
Who are these lenders, and why are they so bad at their job that even random commenters online know the folly of their business?
If you are a large business, you likely have multiple lines of credit already establish, potentially into the hundreds of millions or more range. Those are backed by the organizations credit and assets, and aren't likely to be yanked just because the organization has a new owner.
Private Equity has been buying up vets in the UK and jacking up prices massively, causing all sorts of knock-on negative consequences. Vets in the UK were not failing before.
Unfortunately our competition authorities are toothless. Their proposed remedy is that vets will have to publish prices on their websites from now on. Woohoo.
https://www.bbc.co.uk/news/articles/c8j3020kl04o
https://archive.ph/ikhpP (link to FT.com)
Unfortunately our competition authorities are toothless. Their proposed remedy is that vets will have to publish prices on their websites from now on. Woohoo.
https://www.bbc.co.uk/news/articles/c8j3020kl04o
https://archive.ph/ikhpP (link to FT.com)
First, I agree with everything you've said.
But my question is, how long has this been going on for? I'm in my late 40s. I remember as a kid thinking Schwinn bicycles were the "cheapo" brand. My father, however... would would be in his 90s now... remembered them as a top tier brand.
I have this theory that the reason a lot of prices on goods we've loved our whole lives don't keep up with inflation is because brand loyalty has SUCH power that it's worth it for people to buy and enshittify those brands -- so that they can sell them to us as we age at the prices we are used to paying for them.
They make newer "luxury" brands to sell to younger people who are still deciding what a "reasonable" price to pay for something is.
But my question is, how long has this been going on for? I'm in my late 40s. I remember as a kid thinking Schwinn bicycles were the "cheapo" brand. My father, however... would would be in his 90s now... remembered them as a top tier brand.
I have this theory that the reason a lot of prices on goods we've loved our whole lives don't keep up with inflation is because brand loyalty has SUCH power that it's worth it for people to buy and enshittify those brands -- so that they can sell them to us as we age at the prices we are used to paying for them.
They make newer "luxury" brands to sell to younger people who are still deciding what a "reasonable" price to pay for something is.
I used to be an Eddie Bauer customer, but the quality of even their basic clothes (think business casual "docker" pants) rapidly diminished and their technical/functional gear was never remotely in the same category as Patagonia or Arc'teryx.
I still hold out hope for Patagonia in the post Yvon Chouinard era.
Their quality and customer service remain top-tier. Hell, they repaired my puffy jacket's zipper for free--hopefully it will have another decade of hard use.
I still hold out hope for Patagonia in the post Yvon Chouinard era.
Their quality and customer service remain top-tier. Hell, they repaired my puffy jacket's zipper for free--hopefully it will have another decade of hard use.
You know, I'm past middle age, have seen this brand everywhere for many years, and I only just now read about the individual Eddie Bauer for the first time. Interesting dude.
https://en.wikipedia.org/wiki/Eddie_Bauer_(outdoorsman)
https://en.wikipedia.org/wiki/Eddie_Bauer_(outdoorsman)
On some podcast I was listening to one of the hosts described her father as an avid indoorsman. I thought that was great and am happy to have a new way to describe myself. :)
I used to have a 'Rugged Indoorsman' shirt. Loved that one.
and the beat goes on... https://www.google.com/search?udm=2&q=%22Rugged+Indoorsman%2...
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I'll miss their medium-tall size if they're truly gone! Kind of the holy grail for tall skinny people. Anyone have recommendations of brands with similar fits?
-> Its e-commerce and wholesale operations are not affected by the filing because they are operated separately.
Eddie Bauer the brand is not going bankrupt; the company that runs the brick-and-mortor stores in North America as Eddie Bauer is. So if you get your Eddie Bauer from anywhere that isn't an Eddie Bauer store you should be fine.
Eddie Bauer the brand is not going bankrupt; the company that runs the brick-and-mortor stores in North America as Eddie Bauer is. So if you get your Eddie Bauer from anywhere that isn't an Eddie Bauer store you should be fine.
I was an Eddie Bauer XLT guy for years until they suddenly made them way too skinny. Best fitting shirts ever. I am wearing one of the old ones right now. Land's End Tall sizing is a good fit although some of their fabric quality is a bit iffy—especially the colorfastness of their dyes. I have had two of six shirts be unable to endure professional stain spot removal by a dry cleaner. The greens and grays seem to be the most fragile.
I have always meant to take one of the few remaining right-fitting Eddie Bauer shirts to a tailor to see if they can be used as a pattern to make more shirts.
I have always meant to take one of the few remaining right-fitting Eddie Bauer shirts to a tailor to see if they can be used as a pattern to make more shirts.
I'm the same size. They still have tall variant tops but tall bottoms/pants seem to have been gone for a while now.
Buy many now; they don't spoil. Keep them in the closet and pull out a new one when the old one wears out.
Chapter 11 seems to be like a fashion trend these days. Everyone is doing it, sometimes multiple times in a very short time. It’s nothing more than accounting tool to restructure debt while being able to operate the company. Not saying it’s a good thing, but it isn’t as serious as it once used to be.
A pity. I still have the ice skates I bought from them 30 yrs ago. Real quality.
Tariffs again. I know it's not the only a contributing factor but it's self-inflicted damage.
Just private equity doing what they do. It will live on as a zombie brand for cheap crap into eternity.
i think calling this another victim of PE is missing the point a little bit. i guess Catalyst Brands is technically PE, but they're not just a finance company treating these brands as assets to be milked and stripped for parts before they're killed.
Catalyst is a joint venture of Brookfield and Simon Property, both of which are shopping mall companies. Their other brands are all shopping mall fixtures. The story here isn't private equity doing the normal private equity thing, it's that shopping malls are dying.
Catalyst is a joint venture of Brookfield and Simon Property, both of which are shopping mall companies. Their other brands are all shopping mall fixtures. The story here isn't private equity doing the normal private equity thing, it's that shopping malls are dying.
> The story here isn't private equity doing the normal private equity thing, it's that shopping malls are dying.
That's true, but to me the more interesting question is: Why?
In Europe and Asia, indoor shopping malls are thriving. They're all over the place, and very popular. This place is a stone's throw from where I live, and it's always crowded: https://de.wikipedia.org/wiki/Shopping_City_Seiersberg
When I go to the US, indoor malls are either depressing ghost towns, or they're luxury-only complexes with a heavy security presence and a seemingly-intentional lack of amenities. (Like a Starbucks that only has three tables despite ample interior space, nowhere else to eat, etc.)
What's driving the weird variance in shopping patterns? Naively, I'd expect shopping malls to be more popular in the US, as Asia and Europe also tend to have "shopping districts" inside their (usually walkable) towns that often function, effectively, as open-air malls.
That's true, but to me the more interesting question is: Why?
In Europe and Asia, indoor shopping malls are thriving. They're all over the place, and very popular. This place is a stone's throw from where I live, and it's always crowded: https://de.wikipedia.org/wiki/Shopping_City_Seiersberg
When I go to the US, indoor malls are either depressing ghost towns, or they're luxury-only complexes with a heavy security presence and a seemingly-intentional lack of amenities. (Like a Starbucks that only has three tables despite ample interior space, nowhere else to eat, etc.)
What's driving the weird variance in shopping patterns? Naively, I'd expect shopping malls to be more popular in the US, as Asia and Europe also tend to have "shopping districts" inside their (usually walkable) towns that often function, effectively, as open-air malls.
Here in Japan, malls are doing fine, AFAICT. They're a little different from American malls though: they tend to have a lot of nicer restaurants in addition to the food court. They also frequently have very specialized shops catering to specific hobbies. Finally, large grocery stores are not uncommon as "anchor stores".
We also have "open-air malls" called shotengai, which are basically shopping streets but typically with a roof installed overhead. A lot of these aren't doing so well though.
Another comment mentioned logistics in America as being very good, but they're better here. Stuff gets shipped across the country very cheaply in 2 days here, or within the metro area in a day. You can even send frozen stuff to your relatives quite cheaply. The country's small size and urban density probably has something to do with this. But in-person shopping still is doing a lot better here than in America. Personally, I think a few factors contribute: 1) homes (esp. in the city) are quite small, so people like having 3rd spaces, and malls serve this purpose (as well as shopping streets and the city in general, but when the weather is bad, people understandably don't want to wander around outside that much). In America, people can stay in their homes more easily. 2) Civility in Japan is probably best in the world, whereas in America it's really gone down the toilet. Lots of Americans I've read about dread going outside because there's so much rudeness and incivility with daily interactions with strangers, when driving, etc. Whereas in a large Japanese city, you can take the subway somewhere, go shopping, go to a restaurant, etc., and it's extremely unlikely you'll have a highly negative experience with some angry karen or MAGA-head. Even going to a cafe, restaurant, etc., you can always expect polite service, whereas in America these days, rude service seems to have become the norm. So with such a negative environment outside their doors, it makes sense that Americans wouldn't want to even go to the mall just to walk around.
We also have "open-air malls" called shotengai, which are basically shopping streets but typically with a roof installed overhead. A lot of these aren't doing so well though.
Another comment mentioned logistics in America as being very good, but they're better here. Stuff gets shipped across the country very cheaply in 2 days here, or within the metro area in a day. You can even send frozen stuff to your relatives quite cheaply. The country's small size and urban density probably has something to do with this. But in-person shopping still is doing a lot better here than in America. Personally, I think a few factors contribute: 1) homes (esp. in the city) are quite small, so people like having 3rd spaces, and malls serve this purpose (as well as shopping streets and the city in general, but when the weather is bad, people understandably don't want to wander around outside that much). In America, people can stay in their homes more easily. 2) Civility in Japan is probably best in the world, whereas in America it's really gone down the toilet. Lots of Americans I've read about dread going outside because there's so much rudeness and incivility with daily interactions with strangers, when driving, etc. Whereas in a large Japanese city, you can take the subway somewhere, go shopping, go to a restaurant, etc., and it's extremely unlikely you'll have a highly negative experience with some angry karen or MAGA-head. Even going to a cafe, restaurant, etc., you can always expect polite service, whereas in America these days, rude service seems to have become the norm. So with such a negative environment outside their doors, it makes sense that Americans wouldn't want to even go to the mall just to walk around.
In the US, my observation is that some relatively-highend shopping malls are reasonably successful in some cities. But, near me, there's basically a dead mall that used to have Sears, Macys, and Penny as anchor tenants. All gone. I do have big box complexes (including around dead mall) that have some stores that seem to be pretty successful--supermarket and DIY.
But I don't know the last time I was in an indoor mall. In Asia and some areas of Europe, at least, I do think you have multi-floor complexes where you have pretty good eating but that doesn't tend to be the case in the US.
But I don't know the last time I was in an indoor mall. In Asia and some areas of Europe, at least, I do think you have multi-floor complexes where you have pretty good eating but that doesn't tend to be the case in the US.
Yes - Valley Fair in San Jose is thriving even as all the other area malls turn into mausoleums. It would be interesting to study why. My guess is conspicuous consumption, people who want to be seen wearing certain brands want to be seen buying them too. For anything more pragmatic, it's just to easy to click Amazon.
I assume Santana Row is still doing OK as well although that's not really a classic mall. And a lot of Vegas malls seem healthy though it's been a few years--even if I sort of half joke I couldn't afford to buy anything at a lot of them.
As you say, there's always Amazon for a lot of things I might have bought in malls. I still want supermarkets and big box DIY stores but I don't really need to go into malls for those.
As you say, there's always Amazon for a lot of things I might have bought in malls. I still want supermarkets and big box DIY stores but I don't really need to go into malls for those.
One reason is that Valley Fair is the closest there is in the Bay Area to a good East Asian mall. For example, their recent expansion brought in a good variety of restaurants, particularly Asian restaurants, that attract the wealthier Asian residents of Silicon Valley (plus Whites, who in the Bay Area are pretty Asian in habits). These bring in a crowd of regular visitors that will stick around to occasionally shop at the expensive stores, even if they don't love conspicuous consumption enough to buy there all the time. Also a decent number of more youth-focused stores that draw in all demographics - after all, everyone in the younger generations loves anime and K-pop.
1. Americans got a bit poorer due to inflation.
2. Brand quality went down to equivalent or less of no-name dropshipped goods in order to keep similar dollar prices for goods.
3. Cost of real estate spiked incredibly, putting even more pressure on retail margins.
4. American logistics is seriously good, in cities 24-hour delivery can be common even for small or inexpensive things.
5. Once there wasn't a quality or convenience reason to prefer the shopping mall, many were already struggling quietly, they just hadn't run out of cash yet.
6. The pandemic happened right as all these things converged, accelerated all of them, and wasn't really recoverable.
2. Brand quality went down to equivalent or less of no-name dropshipped goods in order to keep similar dollar prices for goods.
3. Cost of real estate spiked incredibly, putting even more pressure on retail margins.
4. American logistics is seriously good, in cities 24-hour delivery can be common even for small or inexpensive things.
5. Once there wasn't a quality or convenience reason to prefer the shopping mall, many were already struggling quietly, they just hadn't run out of cash yet.
6. The pandemic happened right as all these things converged, accelerated all of them, and wasn't really recoverable.
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>I'd expect shopping malls to be more popular in the US
What you may be missing is how much retail shopping space the US has. It's something like 10x the sq/ft that Germany does for example. This leads to massive amount of cannibalization as trends shift. The entire mall has to be able to generate enough revenue which is much easier with luxury complexes.
So, while malls are popular, the costs of indoor air conditioning and massive competition with online shopping and strip malls between the shopper and the indoor mall make it a difficult market.
What you may be missing is how much retail shopping space the US has. It's something like 10x the sq/ft that Germany does for example. This leads to massive amount of cannibalization as trends shift. The entire mall has to be able to generate enough revenue which is much easier with luxury complexes.
So, while malls are popular, the costs of indoor air conditioning and massive competition with online shopping and strip malls between the shopper and the indoor mall make it a difficult market.
And we have giant "big box" stores and overnight delivery that together are good enough for a lot of purchases. Some huge portion of the American public belongs to Amazon Prime and/or Walmart+ and/or Costco.
A lot of malls are basically surrounded by discount box stores like Walmart and Target, along with specialized ones like Barnes & Noble, Old Navy, Homegoods, DSW (shoes), and dozens of others at various price points. Even though walking through a mall is more arguably pleasant than driving around an arterial road and sprawling parking lots, you'll find better selection and often better prices at the box stores than the smaller mall storefronts. Sometimes you will find local independent stores setting up in malls, but I think rents make that hard.
And then thanks in part to obsolescence and disinvestment, going to the mall as an outing also doesn't really make sense anymore except as a rare novelty. The food options are typically pretty bad and overpriced by today's standards, restrooms are usually down a long and dirty hallway, etc.
A lot of malls are basically surrounded by discount box stores like Walmart and Target, along with specialized ones like Barnes & Noble, Old Navy, Homegoods, DSW (shoes), and dozens of others at various price points. Even though walking through a mall is more arguably pleasant than driving around an arterial road and sprawling parking lots, you'll find better selection and often better prices at the box stores than the smaller mall storefronts. Sometimes you will find local independent stores setting up in malls, but I think rents make that hard.
And then thanks in part to obsolescence and disinvestment, going to the mall as an outing also doesn't really make sense anymore except as a rare novelty. The food options are typically pretty bad and overpriced by today's standards, restrooms are usually down a long and dirty hallway, etc.
>Its e-commerce and wholesale operations are not affected by the filing because they are operated separately.
>The bankruptcy doesn't affect Eddie Bauer stores in markets outside the U.S. and Canada.
So its physical US locations declared bankruptcy.
>The bankruptcy doesn't affect Eddie Bauer stores in markets outside the U.S. and Canada.
So its physical US locations declared bankruptcy.
One data point - in my local Simon Property shopping mall, the Eddie Bauer store closed down a few months ago. A new LL Bean store is "coming soon".
In retail, a certain rate of chain/brand churn is what you'd expect. If the public feels that some chain or brand is iconic, or has been around forever - that does not magically protect the underlying corporation from missing the boat on marketplace changes, or having its management go downhill, or the founder selling out to PE, or whatever.
In retail, a certain rate of chain/brand churn is what you'd expect. If the public feels that some chain or brand is iconic, or has been around forever - that does not magically protect the underlying corporation from missing the boat on marketplace changes, or having its management go downhill, or the founder selling out to PE, or whatever.
> it's that shopping malls are dying.
They've been dying for decades. The owners have just decided to stop trying to save it and instead hollow it out and sell it all off.
They've been dying for decades. The owners have just decided to stop trying to save it and instead hollow it out and sell it all off.
Not really a surprise. The people who buy outdoor apparel to actually spend time outdoors, like for hiking / hunting / fishing / skiing, long ago moved to other brands that were more technically advanced and focused on their specific activity. That left only the casual fashion consumers who are notoriously fickle, and Eddie Bauer failed to keep up with fashion trends. The products aren't bad necessarily but they're nothing special, you can get essentially the same stuff from a dozen other brands now.
what will we keep our ready power tucked in our vests under now?
Where else will finance bros get quarter zips from??
Fratagonia?
They don't allow embroidered company logos unless you're a B-corp or a non-profit, IIRC. If you see someone wearing tech swag with logos on Patagonia, it's either old gear or someone in their company is a major asshole.
So buying a shirt and having it embroidered elsewhere is assholery? Why should Patagonia have control of merchandise after they sell it?
Makes me want to have some Patagonia stuff altered on principle...
Makes me want to have some Patagonia stuff altered on principle...
Allegedly it was to keep people from trashing the garments when they left the company. I have a few nice jackets I really don't wear because I don't represent that organization, and they are way less valuable at thrift.
The rules are if you want to get bulk discounts from Patagonia, you're right that you can just buy the clothes and do whatever to them, you just pay retail.
The assholery aspect is more personal to me I think. I like that even though they're not exactly a grassroots cottage gear maker anymore, that Patagucci actually enable and encourage secondhand use via their worn gear and repair programs and messaging. I try to give space to people and orgs who are trying to do things thoughtfully, so if someone goes out of their way knowingly to disrespect that thoughtfulness, yeah I find that distasteful.
The rules are if you want to get bulk discounts from Patagonia, you're right that you can just buy the clothes and do whatever to them, you just pay retail.
The assholery aspect is more personal to me I think. I like that even though they're not exactly a grassroots cottage gear maker anymore, that Patagucci actually enable and encourage secondhand use via their worn gear and repair programs and messaging. I try to give space to people and orgs who are trying to do things thoughtfully, so if someone goes out of their way knowingly to disrespect that thoughtfulness, yeah I find that distasteful.
It's Patagucci, thank you.
Finance bros moving on to Patagonia is probably the reason they’re filing for bankruptcy
Patagonia stopped doing custom logos on those pieces a few years back:
https://www.businessinsider.com/patagonia-no-longer-adding-c...
I'm not sure if that put a dent in the finance bros' style. Finance bros can of course still buy a bunch of the vests and have a third party do the custom logo for them.
https://www.businessinsider.com/patagonia-no-longer-adding-c...
I'm not sure if that put a dent in the finance bros' style. Finance bros can of course still buy a bunch of the vests and have a third party do the custom logo for them.
"You have a bent zipper and a small tear after lugging your books for years? Great! Take it to the store and argue with them that it's defective until they give you a new backpack!"