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(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)

REDMOND, WA-Clothing retailer Eddie Bauer will begin trading on the Nasdaq tomorrow, under the symbol “EBHI.” The 375-store chain filed a registration statement with the SEC in May to work toward the move.

The listing comes as the locally based retailer’s sales are dropping, and it is losing money. During its most recently reported quarter, which ended July 1, the company reported a net loss of $42 million. Same-store sales dropped 5.9% year over year, and total revenues dropped to $225.7 million from $243.8 million during the same year-ago period.

The retailer has been trying to change its merchandise mix to enhance sales, management said in their quarterly report. Last month Eddie Bauer also inked a deal with Linens ‘n Things to sell a bedding-product line in that chain’s stores.

Later this month, the company is opening a new store at Main Street at Southlands, an open-air center in the Denver suburb of Aurora, CO. It opened units in San Francisco and the Atlanta suburb Marietta, GA last month.

On May 25, after its registration filing, management issued a statement saying that it was exploring a sale of the company. It had hired Goldman, Sachs & Co. as a financial adviser.

Eddie Bauer was owned by Spiegel Inc. until 2003 when that company went bankrupt and sold its assets other than its Eddie Bauer operations. It later reemerged as Eddie Bauer Holdings.

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