Economics
Walmart Closes Two Bay Area Stores
Walmart announced Friday that is closing 269 stores worldwide – including the stores on Edgemont Drive in Oakland – as it sharpens its focus on its supercenters and e-commerce business.
The Oakland store on 8400 Edgewater closed last Saturday, and the Walmartin San Jose at 5502 Monterey Highway closed last Sunday.
“The decision to close stores is difficult, and we care about the associates who will be impacted,” said Wal-Mart president and CEO Doug McMillon. “We invested considerable time assessing our stores and clubs and don’t take this lightly. We are supporting those impacted with extra pay and support, and we will take all appropriate steps to ensure they are treated well.”
A Wal-Mart spokeswoman said that the closures would impact approximately 650 jobs at the San Jose and Oakland stores. Wal-Mart expects the final wind down of inventory and other store-related matters to be completed by Feb. 10.
More than 95 percent of the stores set to be closed in the U.S. are within 10 miles of another Wal-Mart. The Bentonville, Arkansas, company said it is working to ensure that workers are placed in nearby locations.
“Actively managing our portfolio of assets is essential to maintaining a healthy business,” McMillon said in a statement. “Closing stores is never an easy decision. But it is necessary to keep the company strong and positioned for the future.”
Wal-Mart operates 4,500 stores in the U.S. Its global workforce is 2.2 million, including 1.4 million in the U.S.
Activism
Oakland Post: Week of December 11 – 17, 2024
The printed Weekly Edition of the Oakland Post: Week of December 11 – 17, 2024
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
Activism
Oakland Post: Week of December 4 – 10, 2024
The printed Weekly Edition of the Oakland Post: Week of December 4 – 10, 2024, 2024
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
Activism
Oakland Post: Week of November 27 – December 3, 2024
The printed Weekly Edition of the Oakland Post: Week of November 27 – December 3, 2024, 2024
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
-
Activism4 weeks ago
Oakland Post: Week of November 20 – 26, 2024
-
California Black Media3 weeks ago
California to Offer $43.7 Million in Federal Grants to Combat Hate Crimes
-
Activism4 weeks ago
An Inside Look into How San Francisco Analyzes Homeless Encampments
-
Black History3 weeks ago
Emeline King: A Trailblazer in the Automotive Industry
-
California Black Media3 weeks ago
California Department of Aging Offers Free Resources for Family Caregivers in November
-
California Black Media3 weeks ago
Gov. Newsom Goes to Washington to Advocate for California Priorities
-
Activism3 weeks ago
OCCUR Hosts “Faith Forward” Conference in Oakland
-
#NNPA BlackPress4 weeks ago
PRESS ROOM: Clyburn, Pressley, Scanlon, Colleagues Urge Biden to Use Clemency Power to Address Mass Incarceration Before Leaving Office