FOX Business Briefs 10/28
Amazon and UPS announce layoffs; Royal Caribbean sees cruise demand accelerate; revenue up at The North Face and Timberland; OpenAI and PayPal team up.
Retail giants expand perks for SNAP shoppers, but working families left behind
Major retailers like Walmart and Amazon launch discount programs for SNAP users as grocery prices soar, offering reduced memberships and delivery perks.
Lululemon partners with NFL to release apparel line
Jackie DeAngelis and 'The Big Money Show' panel discuss Lululemon Athletica's new partnership with the NFL to launch its first-ever line of officially licensed apparel and accessories for all 32 teams.
Costco issues recall alert for wagon over child safety risk
Olympia Tools Pack-N-Stroll Folding Utility Wagon sold at Costco recalled due to child safety risks, including head entrapment and fall hazards.
Neutrogena makeup wipes recalled across four states after bacteria found in product testing
Neutrogena is recalling some popular makeup wipes due to possible bacterial contamination that can cause serious infections in vulnerable individuals.
Hormel recalls 4.9M pounds of chicken possibly 'contaminated with pieces of metal'
Major food recall hits restaurants and hotels as Hormel Foods pulls potentially contaminated chicken products from commercial kitchens due to metal contamination concerns.
Lucchese Bootmaker keeps American craftsmanship alive for over a century: 'Very proud of what we're doing'
Texas bootmaker Lucchese creates premium cowboy boots using exotic materials like alligator and ostrich, with as many as 200 artisans crafting each pair.
Lucchese Bootmaker proudly manufactures 'the majority' of its products in America
Doug Hogue, vice president of brand and product at Lucchese Bootmaker, told FOX Business that the Texas-based company has been handcrafting boots for more than 140 years.
Target cuts 1,000 jobs, eliminates hundreds of open roles
Incoming CEO Michael Fiddelke leads Target's restructuring effort to reduce complexity and speed decision-making, cutting 8% of global headquarters team positions.
Coca-Cola recalls 3 popular sodas over potential foreign material contamination
The Food and Drug Administration classified the Coca-Cola product recall as Class II after Texas-based Coca-Cola Southwest Beverages initiated the action.
Molson Coors to cut hundreds of jobs in restructuring plan
Molson Coors will eliminate 400 positions representing 9% of its Americas salaried workforce as part of a transformation strategy to accelerate growth.
Retail analysts warn government shutdown could hit holiday shopping
FOX Business’ Gerri Willis reports new data pointing to a tougher holiday shopping season as the government shutdown continues on ‘Varney & Co.’
Charlie Kirk assassination drives jump in Bible sales
U.S. Bible sales spiked to 2.4 million copies after Charlie Kirk's assassination, reflecting a pattern of increased faith-seeking during troubling times.
FDA expands health warning to more cinnamon products over lead levels
Federal health officials expanded their cinnamon warning list to include two more brands after detecting unsafe lead levels that could cause adverse health effects.
Ikea raises prices as Trump's furniture tariffs hit retailer
The Trump administration's tariffs on imported furniture is leading Swedish retailer Ikea to pass increased costs to customers through higher prices.
REI to close three Northeast stores in 2026 as it adapts to shifting markets and customer needs: report
REI will shutter stores in Paramus, Boston, and New York City's SoHo in 2026 as the outdoor retailer adapts to evolving markets and customer needs.
Some popular protein powders contaminated with unsafe amounts of lead, study reveals
Some popular protein powders and shakes on grocery store shelves contain dangerous amounts of lead, far exceeding safe daily consumption levels, study finds.
Ross Stores thrives with major expansion plans while retail giants close locations nationwide
Ross Stores Inc. expands with new store openings across 17 states while major retailers like Macy's and Kohl's close underperforming locations nationwide.
Walmart teams with OpenAI to let shoppers buy products through ChatGPT
OpenAI and Walmart announce ChatGPT shopping integration that will enable Walmart shoppers to buy products within the AI chatbot platform soon.
FOX Business Briefs 10/13
JPMorgan to invest $10 billion in U.S. companies critical to national security; Warner Bros. Discovery sale talks heat up after initial Paramount bid rejected; retailers stockpiled to avoid tariffs.