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Since 1920, the outdoor recreation brand Eddie Bauer has pioneered innovative apparel and sports gear designs for outdoorsmen in America. Now, in another blow for physical retailers, sources say that all of the brand’s North American stores are on the chopping block amid an impending bankruptcy filing. According to a person close to the matter, the company that owns the license to operate Eddie Bauer stores in both the U.S. and Canada, Catalyst Brands, is gearing up for a Chapter 11 bankruptcy filing that could potentially shutter all of the brand’s North American stores. The bankruptcy would be limited to the entity that operates the stores, the person said. …

After weeks of rumors, the company that operates Eddie Bauer stores in the United States and Canada has filed for Chapter 11 bankruptcy protection. As part of the proceedings, Eddie Bauer LLC, which is owned by Catalyst Brands, is planning to wind down operations and close all of its remaining stores. Catalyst also oversees operations for brands including Lucky Brand, Aéropostale, Nautica, Brooks Brothers, and JCPenney. The company is currently on the lookout for a buyer that could potentially acquire some portion of the Eddie Bauer’s stores. In the meantime, though, a total of 175 Eddie Bauer locations will close their doors in the coming weeks. Here’s what you …

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. We all want our companies to make a real difference, but how often does our message truly cut through the noise? It’s a complex challenge: How do we ensure our genuine efforts to create social impact actually resonate with the people we want to reach? Because in today’s world, simply doing good isn’t enough; we need to communicate the impact of that work effectively to build trust and inspire re…

Bird flu is forcing farmers to slaughter millions of chickens a month, pushing U.S. egg prices to more than double their cost in the summer of 2023. And it appears there may be no relief in sight, given the surge in demand as Easter approaches. The average price per dozen nationwide hit $4.15 in December. That’s not quite as high as the $4.82 record set two years ago, but the Agriculture Department predicts prices are going to soar another 20% this year. Shoppers in some parts of the country are already paying more than double the average price, or worse, finding empty shelves in their local grocery stores. Organic and cage-free varieties are even more expensive. Some …

Vega Farms, a California-based food producer, has voluntarily recalled Vega Farms-branded in-shell eggs due to a Salmonella outbreak that has sickened more than 60 people and led to more than a dozen hospitalizations. Here’s what you need to know about the outbreak, impacted products and retailers, and what to do if you have the recalled eggs in your possession: How many people got sick? In a notice posted on Friday, December 12, the California Department of Public Health (CDPH) warns businesses and consumers to avoid eating, serving, or selling recalled in-shell Vega Farms eggs. According to the agency, 63 California residents have reported illnesses lin…

Eileen Gu, the 22-year-old Chinese freeskier who just became the most decorated Olympian in women’s freestyle skiing, stood up for herself when speaking to a reporter at a press conference this week. In doing so, the skier unwittingly gave women everywhere an absolute masterclass in knowing their worth. The skier, who previously earned a gold medal and two silvers at the Beijing winter games in 2022, has earned two more silver medals at the current Milan Cortina games, becoming the most decorated athlete in her sport. And she’s not finished yet—Gu is still set to compete in the women’s halfpipe qualifier on Thursday and the halfpipe final on Saturday. The skier is al…

This desert city gets less than 9 inches of rain a year and experienced the two hottest years in its recorded history in 2023 and 2024. But El Paso Water started planning decades ago for this hotter, drier climate. Last Thursday, the utility broke ground on its latest project to secure water for the city of 700,000: an advanced water purification facility that will deliver 10 million gallons per day of purified water from the city’s wastewater stream directly into its drinking water supply. El Paso’s Pure Water Center, which will go online by 2028, is the first direct-to-distribution reuse facility in the country. Treating wastewater for reuse as drinking water …

Americans’ electricity bills tend to tick up each year in line with inflation. But upgrades to electric wires, reinforcing and protecting power lines from severe weather, and changing fuel costs – among other factors – are sending rates soaring. High electricity consumption from data centers and other sources of rising demand will likely cause further increases in the near future. The impact on consumers is particularly dramatic in Pennsylvania, where rate hikes are widespread. For example, the monthly bill for a PECO residential customer who uses 700 kilowatt hours of electricity monthly increased 10% – or US$13.58 – in 2025. These bills will go up anothe…

Electronic Arts has announced plans to go private in what will be the largest leveraged buyout in history. The $55 billion purchase of the entertainment giant behind franchises that include Madden NFL and Battlefield is set to close in the first quarter of fiscal year 2027. Saudi Arabia’s Public Investment Fund (PIF) will be, by far, the majority investor in EA, one of the largest third-party publishers of video games. Silver Lake and Affinity Partners (whose CEO is Donald The President’s son-in-law Jared Kushner) will own minority interests. CEO Andrew Wilson will continue to head EA. The all-cash deal calls for a buyout of EA stock at a price of $210 per share. …

Perusing the grocery aisle in the Westside Market on 23rd Street in Manhattan, you might not even notice the screens. They look just like paper price labels and, alongside a bar code, use a handwriting-style font we’ve come to associate with a certain merchant folksiness. They’re not particularly bright or showy. The only clues that they’re not ordinary sticky shelf labels are a barely distinguishable light bulb and, on some, a small QR code. These are electronic shelf labels, chip-enabled screens that some stores are now using to display product prices. Unlike their paper predecessors, the prices aren’t printed in ink but rendered in pixels, and they can change insta…

Silicon Valley’s giants crowd the list of the world’s most valuable companies, but drugmaker Eli Lilly is hot on their heels. The company topped a market capitalization of one trillion dollars on Friday, becoming the first business in the health industry to hit that milestone. Lilly’s achievement comes during a tense week for stock watchers. AI chipmaker Nvidia, which itself became the first $5 trillion company less than a month ago, beat expectations with its latest quarterly earnings. But with AI overrepresented among the world’s top businesses and massive AI investments making headlines every day, investors remain skittish that excitement over the tech might be ove…

The market for obesity and diabetes treatments remains scorching hot, funneling billions in sales to Eli Lilly and fueling a bidding war over another drugmaker. Lilly said Thursday that its top-selling drugs, Mounjaro and Zepbound, brought in more than $10 billion combined during the recently completed third quarter. That made up over half of the drugmaker’s $17.6 billion in total sales. Separately, Danish drugmaker Novo Nordisk announced plans to buy Metsera Inc. in a deal that could be worth up to $9 billion. That came more than a month after U.S. drugmaker Pfizer Inc. made a nearly $5 billion bid for Metsera, which has no drugs on the market but is developi…