Stay informed about business news and updates in Oakland, CA.
Two Walgreens locations in East Oakland are set to close in January as part of a larger strategy by the company to shutter 1,200 stores nationwide. This decision reflects ongoing challenges in retail and shifts in consumer behavior, impacting local accessibility to pharmacy services.
Kaiser Permanente is reportedly planning to downsize its headquarters located in Oakland's Ordway Building, a site the health care provider has occupied for several decades. This development could have significant implications for both local employment and the real estate market in Oakland.
A family-owned Mexican market plans to open a new location in San Jose at the site of a former 99 Cents Only outlet. This strategic move positions the market near significant retail and dining areas, indicating potential economic growth and job creation in the region.
Walgreens is set to close approximately 1,200 stores across the United States over the next three years as part of a strategy to revitalize its struggling business. The company anticipates that around 500 of these closures will occur in the current fiscal year, which is expected to enhance adjusted earnings and free cash flow.
Oakland's revised deal for the Coliseum sale introduces a new payment timeline, allowing the African American Sports and Entertainment Group (AASEG) to make a significant payment to acquire the city's ownership share. This development raises questions about the financial stability of the deal amidst Oakland's uncertain financial circumstances.
Oakland restaurant operators are banding together to form a marketing collective aimed at revitalizing their businesses and fostering the establishment of an Oakland Restaurant Association. This initiative reflects the challenges faced by local eateries in promoting themselves effectively amidst a competitive landscape.