October 28, 2025
- Amazon expects to trim at least 14,000 corporate positions, with as many as 30,000 jobs being potentially slashed in the days to come. The ecomm giant indicated that it was attempting to course correct for over-hiring it had done during the pandemic era (via Reuters).
- PayPal shares ticked upward by as much as 13% following news that the company had partnered with OpenAI to become the first payment wallet within ChatGPT. ChatGPT is famously beginning the process of bringing gen AI-led shopping to the broader consumer base (via CNBC).
- Texas Attorney General Ken Paxton has launched a lawsuit against Johnson & Johnson and Kenvue, claiming that both companies had “deceptively” marketed Tylenol to pregnant mothers, with the AG claiming a link to an increased risk of autism concerning the newborn (via CNN).
- JCPenney is exhibiting optimism in advance of this year’s holiday season, with the company citing “undeniable” momentum leading into November and December. The retailer is partnering up with iHeartRadio for the iHeartRadio Jingle Ball, launching a fashion collection inspired by the event (via Chain Store Age).
- Grubhub has partnered with Instacart to allow Grubhub users to shop Instacart’s more than 1,000 grocery retailers. “This partnership marks an exciting step forward for Grubhub,” said Howard Migdal, CEO of Grubhub. “With nearly 20 million customers and access to over 415,000 restaurants, we’re now expanding our platform to include groceries powered by Instacart – delivering an unmatched level of choice and value” (via Chain Store Age).
- David’s Bridal’s latest concept store, Diamonds & Pearls, is expanding its presence in the Greater Boston area with a new location in Burlington, Massachusetts. This follow a successful opening in Delray, Florida, and signal strength for the brand (via Forbes).