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The past 12 months have been rough for many retail chains. Major names like Big Lots and Joann filed for bankruptcy, resulting in the closures of hundreds of locations. In Joann’s case, those locations are gone for good, while some Big Lots locations have been reopened under new ownership. Unfortunately for another retailer—the fast fashion chain Forever 21—it seems like none of its more than 350 stores in the United States will get a last-minute reprieve. Instead, it now appears likely that all Forever 21 stores in the U.S. will suffer the same fate as Joann’s stores. Here’s what you need to know about the Forever 21 store closings. What’s happened? Earlier th…

The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual dues for access to peer learning, thought leadership opportunities, events and more. In just a few short years, generative artificial intelligence has begun demonstrating its tremendous business potential. Stanford University’s latest AI Index report reveals that global corporate investment in AI grew nearly 45% in 2024 to reach $252.3 billion. With private investment in generative AI up 8.5 times over 2022 levels, forecasts suggest that AI could soon contribute trillions of dol…

Uncertainty has become a defining feature of life today, a reality that challenges workplace leaders to adapt rapidly, make decisions with limited information, and foster stability amid constant and sometimes highly erratic change. At the same time, this uncertainty directly affects employees, making it incumbent upon leaders to provide the support and direction their teams need to successfully navigate an unpredictable world with both resilience and clarity. It goes without saying that the role of a leader has grown increasingly more complex, requiring us to instill stability, foster adaptability, and maintain focus without being overwhelmed by the relentless pac…

As the arms race in the artificial intelligence world ramps up, Big Tech companies are rushing to become your default AI source. Meta, last week, launched the Meta AI app to challenge ChatGPT and Google’s Gemini. It’s a system that measures up feature-wise with its competition and some might argue it improves on some aspects. But with Meta’s long history of privacy problems, it’s reawakening some old concerns about the company. The tool offers “personalized” answer and advice as well as a social network for people to share their AI conversations and images. But if you’re looking to scrub the system’s memory of you, that’s a bit more challenging. And our early tests s…

The tech industry is often cautious about tying layoffs to performance, even if it might play a role in who gets dismissed during widespread job cuts. But this year has signaled a noticeable shift in how some of the biggest players in tech approach layoffs: Earlier this year, Meta cut more than 3,000 employees in a move that the company framed as “non-regrettable attrition.” The number of Amazon employees on performance improvement plans reportedly surged in recent years, leading up to layoffs—and Microsoft has allegedly cut thousands of employees who were classified as “low performers.” Now Microsoft is giving low performers the option to accept a payout and leave th…

A new study paints a promising picture for the ways that digital technology use affects the aging brain. Published in Nature Human Behavior last month, neuroscientists at Baylor University and the University of Texas at Austin conducted a meta-analysis drawing on 57 different studies and data from more than 400,000 participants over the age of 50. A digital brain boost The new study found that across the board, the use of everyday digital technology like computers, smartphones, and the internet is associated with lower measures of cognitive decline in middle-aged and older adults. The strength of that positive association was comparable to established protect…

Earlier this week, Time published an explosive story about an American company that reportedly revived a long-extinct species, the dire wolf. To some, it’s a scientific miracle: Some 10,000 years after the species went extinct, the planet is once again home to three living dire wolf pups, brought about by the ingenuity of scientists at Colossal Biosciences. But let’s not mistake spectacle for substance. Yes, it’s cool that biotechnology can now create animals that resemble extinct species. Colossal is already eyeing its next acts—the woolly mammoth and the dodo. But beyond the buzz and the billion-dollar ambition, this project doesn’t offer real solutions to our plane…

Over the past few weeks, I’ve traveled across the U.S. and Europe, attending back-to-back leadership conferences. These weren’t your average networking events; they were filled with C-suite executives asking difficult questions in a particularly charged moment: What’s next for DEI? How do we adapt and innovate when it comes to AI? How do we steer employees in a politically divided country? On stage, speakers repeated polished points, but to me, the most important part of what these gatherings offered wasn’t the panel talks—it was the smaller, informal meetings taking place, the standing around high-tops, and the walks to the various meals. In these candid conversation…

So many mourners lined up to see Pope Francis lying in state in a simple wooden coffin inside St. Peter’s Basilica that the Vatican kept the doors open all night due to higher-than-expected turnout, closing the basilica for just an hour Thursday morning for cleaning. The basilica is bathed in a hushed silence as mourners from across the globe make a slow, shuffling procession up the main aisle to pay their last respects to Francis, who died Monday after a stroke. The hours spent on line up the stately via della Conciliazione through St. Peter’s Square and through the Holy Door into the basilica has allowed mourners to find community around the Argentine pontiff’s legacy…

Apple is considering reworking its Safari web browser across its devices to place a greater emphasis on AI-powered search engines, Bloomberg reported Wednesday. The disclosure came from Eddy Cue, Apple’s senior vice president of services, during his testimony Wednesday in the Department of Justice’s lawsuit against Alphabet. Cue was speaking about the two companies’ $20 billion-a-year deal that makes Google the default search engine on Apple’s browsers. The Apple executive said he expects AI search providers—like OpenAI, Anthropic, and Perplexity—to eventually replace standard sources like Google. Apple has already seen a decline in Safari searches for the first t…

Were it not for his experience in North Dakota, Theodore Roosevelt said he never would have become president of the United States. After his first wife and mother died on the same day in 1884, the eventual 26th president retreated to modern-day North Dakota to mourn and reflect. Next July, more than a century after Roosevelt’s death, a presidential library in his honor is slated to open in the state that held so much significance in his life. And the visionaries behind the Theodore Roosevelt Presidential Library hope a visit to the Medora, North Dakota-based library will prove as restorative to people in the modern era as this area once was for Roosevelt. That m…

One of the core theories of the office market circa 2025 is the flight to quality. Workers, either hybrid staff who spend ample time at home or those prodded back into traditional five-day workweeks, have grown used to the comforts of home and bored with drab, standard office spaces. They need something spectacular to justify a commute or keep them happy, so companies increasingly seek out top-flight offices—Class A or Trophy assets, as a broker would say—which has pushed landlords and developers to spend millions on office renovations and solely focus on building new, top-of-the-line workspaces. That same dynamic, where the top-of-the-market bustles with activity wh…

Getting dressed for work in the morning can be complicated. Gone are the days of the office dress code. While most of us are happy that our bosses no longer dictate that we wear collared shirts, heels, or shift dresses to work, this means the burden of figuring out what is appropriate now lies squarely on our shoulders. As corporate culture has become increasingly more relaxed, with denim often replacing trousers, finding the right balance between formal and casual can be tricky. If you show up to work in a three-piece suit, you might look like you don’t understand your company’s values. But if you wear your favorite baggy jeans, you might come off as unserious. A…

Pope Francis left a lasting legacy, not least his appreciation for art. In his 2025 biography, Hope, Francis spoke of his admiration for the Baroque painter Caravaggio. He recalled that during his travels to Rome as a cardinal, he prayed in front of the painting by Caravaggio—The Calling of Saint Matthew. The painting is found in the chapel dedicated to St. Matthew in the Church of San Luigi dei Francesi. The donor of the chapel was a French cardinal, Matthieu Cointerel, who died in 1585. This was the first commission for Michelangelo Merisi da Caravaggio, who was hired in July 1599. A year later, The Calling of Saint Matthew and The Martyrdom of Saint Matthew, depict…

Since its last major redesign in 2022, Airbnb has been all about the destination. Staying in homes so unique or glamorous—from McMansions with amazing pools to surrealist homes in a shoe—that they might be worth a trip unto itself. But starting today, Airbnb is expanding its purview beyond homes…again. It’s launching a new product called Airbnb Services, and redoubling on Airbnb Experiences (first launched in 2016). What are Airbnb Services? Services considers everything you might want to accompany that home you’re renting. Photography. A manicure. A massage or spa treatment. A personal trainer. A private chef or fully catered experience. It’s basically eve…

The narrative that women entrepreneurs receive less than 2% of venture capital (VC) funding has been widely circulated. It stems from data provided by Pitchbook, a respected research firm that delivers insights on global capital markets. However, a closer examination of their data reveals a more nuanced perspective. Pitchbook only studies investments funded by VC firms, which is a big part of the market but does not include the very substantial investments made by angel investors. Significant progress has been made in these early stages of the venture market. Twenty years ago, a mere 3% of angel-funded startups were led by women. Fast-forward to today, and women now a…

Every hour, the McDonald’s in Hong Kong’s crowded Admiralty Station sees more than 1,200 people bustle through its golden arches to grab a coffee or a burger. That’s one customer every three seconds. It’s the second-busiest McDonald’s in the world and the most-frequented restaurant in Asia—and now, it’s getting a makeover. To celebrate 50 years of McDonald’s in Hong Kong, the Admiralty Station has been renovated for the first time in 10 years. The design takes inspiration from the subway station itself, using a clever new installation to set a mood, evoke the excitement of travel, and, crucially, keep foot traffic moving through the bustling restaurant. It also takes a te…

Next week’s conclave to elect the successor to Pope Francis as leader of the world’s 1.4 billion Catholics is a solemn affair steeped in centuries-old traditions. But far from the Sistine Chapel where cloistered cardinals will cast votes, people are placing bets on who will be chosen as the next pope. From cash bets on websites to online games modeled after fantasy football leagues and casual wagers among friends and families, the popularity of guessing and gambling on the future of the papacy is increasing worldwide, experts and participants say. It’s even topped the Europa League soccer tournament and Formula One drivers’ championship, said Sam Eaton, U.K. manager for…

Last year, when Canva used a rap song to promote its new suite of products for businesses, the reaction online was about what you’d expect. “Call 911 I’m having a cringe overdose.” “This is Lin-Manuel Miranda’s fault.” The performance at Canva’s annual summit, Canva Create (Disclosure: Fast Company is a Create media partner), reminded many of corporate musical escapades of the past, like Bank of America’s adaptation of U2’s “One” back in 2006, or Randi Zuckerberg’s Twisted Sister-inspired ode to crypto in 2022. But for Canva, it drove attention and traffic to the brand. More than 50 million people saw the rap battle within 48 hours, which boosted social media…

It’s no secret that when it comes to simplicity and convenience, insurance has lagged behind modern businesses across most industries. While many legacy products have been overturned by newer, intuitive solutions or adapted to meet today’s consumers’ needs, insurance offerings have remained a complex anomaly—built more for business and regulatory needs rather than real people. We already know that healthcare in America is too expensive, and far too many people simply can’t afford to get sick. Health insurance deductibles are at an all-time high, while denied and delayed claims payments persist. Insurance companies have continued making money while a staggering number …