Here’s a look at some of the companies the Yahoo Finance team is watching for you today.
Amazon is coming to Europe. It just opened its first pop-up store in Spain. The location sells everything from electronics to clothing. And Amazon says they have plans to open more stores across the continent. Including Italy, Germany and the U-K.
A different story for the Gap which is thinking about closing hundreds of stores. Comp sales slid last quarter at the Gap locations. Though the company’s Old Navy and Banana Republic stores did okay. The CEO says a ‘deteriorating customer experience’ at some stores is hurting the brand.
Walmart is bringing same-day grocery delivery to China. It’s struck a deal with “DADA” to test the service and customers would place orders through WeChat. So far it’s only available in one store near Walmart’s offices and it’s not connected with Walmart’s recent investment in a joint venture with JD.com.
Apple is talking with the Department of Veterans Affairs about giving some vets electronic access to their health records. The Wall Street Journal says the move could simplify visits for veterans, who’ve been plagued with delays in the VA hospital system. Apple could stand to get millions of new customers if it happens.
IKEA Group is planning to cut 7,500 corporate jobs. While the cuts will happen over the next few years, the company will also be adding more than 11,000 jobs. IKEA says the cutbacks will allow it to focus on its e-commerce platform. The CEO says they need to simplify their organizational structure.