Eddie Bauer, Pacific Sunwear explore merger amid retail downturn

Eddie Bauer and Pacific Sunwear are exploring a merger to consolidate their store footprint and weather a prolonged downturn in the U.S. brick-and-mortar retail sector. The two sporty retailers have previously succumbed to bankruptcy and are searching for growth. In a merger, the companies could possibly whittle down their store counts from their current total of nearly 700 together. Read more at CNBC