Being in financial difficulty is nothing new for the 'Great Outdoors' firm Eddie Bauer; they filed for bankruptcy once before in 2009 and were rescued when Golden State Capital stepped in to buy the firm. A decade later, history is repeating itself. Although trading figures have largely remained steady, it's the company's debt that they're struggling to shift or restructure, and the serving repayments on the debt are crippling the firm.
Golden State Capital considered selling the company in 2017 to solve the problem, but in the same year, their credit rating was downgraded by S&P, which made them a less desirable proposition. It's not all bad news though. The company has rallied a little in the last twelve months and is apparently now in talks with California's Pacific Sunwear about a merger. The news was greeted with enthusiasm by the stock exchange, which saw Eddie Bauer's shares increase in value.
Wondering where to go in 2020 for an amazing deal, to beat the crowds, or for a truly once-in-a-lifetime travel experience? These destinations are on travel addicts’ radar for rightfully hyped 2020 events, new offerings, and recent developments that make them a must-visit right now.
On top of the majestic scenery its long been known for, Montana is a newly trendy nature getaway celebrated for its expanding luxury hotel scene, culinary offerings, and shop-local boutiques, according to an American Express study detailing where cardholders are traveling in 2020. But Montana is also about to get more accessible than ever before thanks to emerging flight routes sure to stir up competition. Launching two brand-new seasonal routes to Big Sky country, American Airlines will fly from New York’s LaGuardia Airport to Bozeman and Kalispell, Montana, beginning mid-year and continuing through Labor Day. Take advantage of the new direct route before the secret gets out, and so that they’ll continue next year.
One of the cities featured in Booking.com’s travel trends for 2020, Urugay’s capital Montevideo is a stable and LGBT-friendly destination to visit in South America—a continent that’s seen dips in tourism of late thanks to political instability in travel destinations like Brazil, Chile, and Argentina. Travelers identified the city as a trending travel destination for anyone seeking an immersive, one-stop escape; according to the study, “over half (54 percent) of global travelers say they want to go on one long trip to a place that has all of their favorite activities and sights close together.” Montevideo’s offerings include beaches, nightlife, markets, theaters, culinary prowess, and festive Gay Pride Day celebrations in September.
Europe’s intensely overtouristed spots (Venice, Barcelona, Santorini) have new Eastern European hotspots to thank for stealing away some of the spotlight: Romania is making a name for itself as one of the top five most trending Airbnb booking destinations for 2020. The nation that’s home to Transylvania, Dracula’s castle, and well-preserved medieval towns nestled among rolling hills has seen a 298 percent annual increase in Airbnb bookings.