Are all Eddie Bauer stores closing? Here's what we know.

All Eddie Bauer stores are on the verge of closing after the retailer couldn't find a buyer by its March 3 deadline, according to court records.

All Eddie Bauer stores are on the verge of closing after the clothing retailer failed to find a buyer as it navigates Chapter 11 bankruptcy, according to court documents filed in early March.

Eddie Bauer LLC, the operator of Eddie Bauer stores in the United States and Canada, and a licensee of the Eddie Bauer brand, could not find a satisfactory bidder for its assets by its March 3 deadline, according to a notice filed in the U.S. Bankruptcy Court of New Jersey. Since the retailer had no qualified bids for its remaining assets, the auction set for March 6 was canceled.

The Seattle-based clothing retailer filed for Chapter 11 bankruptcy on Feb. 9, citing declining sales, supply chain challenges and other issues for its current financial situation. The filing was made by Eddie Bauer LLC, a division of Catalyst Brands, which holds the license to operate roughly 180 Eddie Bauer stores in the United States and Canada.

The Feb. 9 filing marks the third time the retailer has filed for bankruptcy, with the other two times occurring in 2003 and 2009.

"This is not an easy decision," Marc Rosen, CEO of Catalyst Brands, said in a statement. "However, this restructuring is the best way to optimize value for the retail company's stakeholders and also ensure Catalyst Brands remains profitable and with strong liquidity and cash flow."