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Eddie Bauer’s North American Operator Races to Find Buyer as Bankruptcy Looms

            Shoppers pass a closing sale at an Eddie Bauer store in Vaughan, Ont., on Wednesday, Feb. 4, 2026.  Eddie Bauer’s store operator in the United States and Canada is urgently searching for a buyer in a last‑ditch effort to prevent widespread closures tied to its recent bankruptcy proceedings. The company, which oversees the brand’s retail footprint across both countries, has entered Chapter 11 protection in the U.S. and is preparing a similar filing in Canada. Roughly 220 stores are now in play, including more than 30 Canadian locations. While doors remain open for the moment, liquidation sales have already begun as part of the restructuring process. The operator says its goal is to secure a buyer capable of keeping the stores running, but warns that without one, closures could follow. The financial strain reflects the broader challenges facing legacy retailers—rising costs, shifting consumer habits, and intense competition. As court ...
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Condo market slump: GTA projects cancelled amid low demand


According to a report released today, The Greater Toronto Area (GTA) is experiencing a slowdown in condominium sales, with builders shelving dozens of new condo projects due to low sales. The number of new condominiums started construction in the GTA has hit a 10-year low of 1,798 units, down 72% from the second quarter of 2022.


The report also suggests that rising interest rates and market uncertainty have contributed to the decline in sales. Urbanation’s Q3-2023 Condominium Market Survey reveals that the number of condos sold in the Toronto region failed to reach the 3,000 mark, with only 2,664 new condo units sold throughout the GTA during the third quarter of this year .


The report attributed the surge in cancellations to a combination of factors, including rising construction costs, supply chain disruptions, labour shortages, financing challenges, and changing consumer preferences. Urbanation's president, Shaun Hildebrand, said that the GTA condo market is undergoing a "major correction" and that developers are facing "unprecedented headwinds" in bringing their projects to completion.




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