Oakland News Now – Walgreens East Oakland Closure Shows City Of Oakland Lacks Business Retention Program It Once Had – vlog by Zennie62 YouTube
East Oakland Walgreens is closing and here comes Oakland politicians and residents to complain that the organization is against poor black folks.
The truth is that Walgreens planned the store closures back in 2019, and the City of Oakland was too asleep at the wheel to pay attention to the news.
August 6, 2019 was the date that Walgreens announced its plans, and as part of a Securities And Exchange Commission Filing. The wording was this:
On December 20, 2018, Walgreens Boots Alliance, Inc. (the “Company”) announced a transformational cost management program that is expected to deliver in excess of $1.5 billion of annual cost savings by fiscal 2022 (the “Transformational Cost Management Program”). This current report is being filed to supplement the Company’s prior disclosure, which was included in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended November 30, 2018 and subsequent filings with the SEC. The Transformational Cost Management Program, which is multi-faceted and includes divisional optimization initiatives, global smart spending, global smart organization and the transformation of the Company’s information technology (IT) capabilities, is designed to help the Company achieve increased cost efficiencies. To date, the Company has taken initial actions across all aspects of the Transformational Cost Management Program. These actions have initially focused on the Company’s Retail Pharmacy USA division, the Company’s retail business in the UK and the Company’s global functions. Divisional optimization within each of the Company’s segments includes activities such as optimization of stores. The Company previously announced plans to close approximately 200 stores in the United Kingdom on its earnings call for the fiscal quarter ended May 31, 2019. Following a review of the real estate footprint in the United States, which review was also announced on the Company’s earnings call for the fiscal quarter ended May 31, 2019, the Company also plans to close approximately 200 locations in the United States.
That bottom sentence should have caught the eye of The City of Oakland but it did not. Where was Oakland to plan for the change? Answer: no where.
Oakland needs a true economic development effort and not the sad small collection of offices with “economic “ in their names.
I have said this last year and before: Oakland does not know how to do economic development anymore and it shows.
Bye Walgreens.
We need to replace you but will we?
Stay tuned.
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Note from Zennie62Media’s Zennie62 YouTube and Oakland News Now Today Blog SF Bay Area: this video-blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media , Inc. mobile media video-blogging system network that was launched June 2018. This is a major part of Zennie62Media , Inc.’s new and innovative approach to the production of news media. What we call “The Third Wave of Media”. The uploaded video is from a vlogger with the Zennie62 on YouTube Partner Channel, then uploaded to and formatted automatically at the Oakland News Now site and Zennie62-created and owned social media pages. The overall objective is smartphone-enabled, real-time, on the scene reporting of news, interviews, observations, and happenings anywhere in the World and within seconds and not hours. Now, news is reported with a smartphone: no heavy and expensive cameras or even a laptop are necessary. The secondary objective is faster, and very inexpensive media content news production and distribution. We have found there is a disconnect between post length and time to product and revenue generated. With this, the problem is far less, though by no means solved. Zennie62Media is constantly working to improve the system network coding and seeks interested content and media technology partners.