Eddie Bauer store now closed

Feb. 19, 2013 @ 06:55 PM


Southpoint news: The Streets at Southpoint’s Eddie Bauer store closed at the end of January, said Ashley Warrick, the mall’s marketing manager.
Warrick said the retailer was at the end of its lease term. The store was located next to the women’s clothing store White House Black Market on the first floor.
The new tenant that will replace Eddie Bauer has not yet been announced, Warrick said.
While its space is being remodeled, the mall’s Victoria's Secret store is temporarily relocating to the vacant space next to Athleta.
The vacant space previously housed the women’s contemporary Arden B. store, which has closed. Warrick said several Arden B. stores have closed over the last year.
The parent company of Arden B. is California-based Wet Seal Inc., a national retailer that operates stores selling fashionable and contemporary clothing and accessories targeted for female customers in their early teens to 39 years of age.
Its primary mall-based stores are Arden B. and Wet Seal. For the retailer’s fiscal year 2012, the company closed four Wet Seal stores, and 20 Arden B. stores, according to the company’s fiscal third-quarter report. The company said it had, in total, 468 West Seal stores and 66 Arden B. stores.
For its fiscal year fourth quarter that ended Feb. 2, the company announced that its net sales in its fiscal year fourth quarter were $161.7 million. Its comparable store sales were down 5.5 percent in the quarter compared with the same period last year.

---

Rue21 at North Pointe: There are plans to open a new rue21 girls and boys clothing and accessories store at the North Pointe shopping center.
The center, which is located off of Interstate 85 in northern Durham near Northgate Mall, also has PetSmart, Ross, Home Depot, and Bed, Bath & Beyond stores.
Jerry Dickens, one of the owners of North Pointe, said rue21 will open in part of a space that at one time housed World Market.
The former World Market space will be divided into space to allow for three new stores, including rue21.
Rue21 stores are owned by the Pennsylvania-based publicly traded company rue21 Inc. In the third quarter of its fiscal year, rue21 Inc. reported that it had 862 stores as of Oct. 27 of last year in strip centers, regional malls, and outlet centers in 47 states.
The company reported a net income of $8.165 million in the third quarter, which was down about 7 percent. Its net sales were up about 15 percent, however, to more than $225 million.

---

Have an item for The Buzz? Contact Laura Oleniacz at loleniacz@heraldsun.com, or at 919-419-6636.