A Grocery Outlet with 479 Locations Now Makes Unexpected Closure

A grocery outlet with 479 locations now makes an unexpected closure leaving shoppers weeks left to score discounts.

Shoppers are flocking to the Grocery Outlet in Arden-Arcade, California to score last-minute deals and discounts, reports The-Sun.

The retailer on 3431 Watt Avenue, about 91 miles east of Oakland, announced its impending closure through social media.

“Sadly we’re closing our doors at this location soon, but there’s still time for you to save,” Grocery Outlet’s Facebook account announced.

One Facebook user Tony Cox posted a Facebook Live video to share his shopping haul during the store’s final week in business.

“Grocery Outlet going out of business sale,” he said. “Today was day one, 20% off everything, tomorrow it may be 30% off.

Cox said he went to Grocery Outlet to buy his “traditional loaf of bread” and found killer closing business sales for food and snacks.

“The savings go on,” he said. A box of his favorite multigrain cereal that usually costs $5 went for $1.50.

He also got a creamy bisque soup for $1.20 instead of $5.

Cox said the store would be open until April 15 or once it runs out of inventory.

He also noted how more customers could be seen exiting the store behind him with packed shopping carts.

But the Grocery Outlet isn’t the only grocer closing.

Another retail apocalypse is hitting a Walmart in Towson, Maryland, a bit under 30 minutes north of Baltimore

Customers of the store have noticed 50% off sales and shared their observations on social media.

The big box retailer plans to close the location after April 5.

Walmart confirmed employees from the location would have the chance to transfer to a different Walmart store and keep their jobs.

This follows the big box retailer’s decision to close four more stores in 2024.

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Market News Today -A Grocery Outlet with 479 Locations Now Makes Unexpected Closure.
Market News Today -A Grocery Outlet with 479 Locations Now Makes Unexpected Closure.

A tech company now lays off its workforce in California with half of roles being eliminated in the art and illustration department.

Osso VR will lay off a total of 67 people at its corporate headquarters in San Francisco, the company said in a regulatory filing Thursday.

The company developed a virtual reality surgical platform for training and assessment and had raised more than $100 million to date.

Osso had 180 employees in March 2023.

Osso plans to complete the layoffs by May 27.

The cuts affect a wide range of positions, with art and illustration roles particularly badly affected.

Osso VR CEO Greg Born wrote in an emailed statement the changes were intended to “enhance our operational efficiency and better align our resources with the market’s demands.”

He added that the company is optimizing its product offerings and reinforcing its dedication to its partners and their goals.

“We are confident that these adjustments will not only strengthen our position as a key player in the healthcare industry but also amplify the value we deliver to our customers,” Born said.

Osso disclosed the layoffs and the roles affected to meet its obligations under the Worker Adjustment and Retraining Notification Act.

The notice lists the number of people with various job titles who will be laid off, revealing that 30 people leaving the company have titles related to art and illustration.

In 2022, Osso raised a $66 million Series C financing round.

The company planned to use the money to accelerate its work to expand access to surgical education for and hire “top-tier talent to bring high-fidelity surgical training experiences to additional specialty areas.”

The March 2022 round came as digital health funding was entering a slump from which it is yet to recover, reports MedTech Dive.

As access to money has tightened, private and public companies alike have tried to reduce spending and switched their focus from growth to profitability.

A sign that Osso may be rethinking its strategy emerged in February, when the company named Born as its CEO.

Justin Barad, who co-founded Osso, became chief strategy officer.

Osso highlighted Born’s “additional expertise in operational and strategic growth.”

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Also Read: Famous Retailer Is Now Laying Off 614 People in California

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Market News Today -A Grocery Outlet with 479 Locations Now Makes Unexpected Closure.
Market News Today -A Grocery Outlet with 479 Locations Now Makes Unexpected Closure.

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