5 things: Big Day of Giving for nonprofits is underway
Welcome to Thursday, loyal readers. Friendly reminder: Friday is the deadline to submit Best Places to Work nominations. We're looking for local employers that have gone above and beyond to create an outstanding workplace culture. Nomination information is available online.
Here's what else you need to know today.
Want more local business headlines? Sign up for our morning and afternoon newsletters to get Sacramento business news delivered straight to your inbox.
GET TO KNOW YOUR CITY
Find Local Events Near You
Connect with a community of local professionals.
Explore All Events
GET TO KNOW YOUR CITY
Find Local Events Near You
Connect with a community of local professionals.
Explore All Events
Big Day of Giving is underway
Today is the Big Day of Giving, an annual fundraising push that has raised more than $104 million for nonprofit organizations in the Sacramento area since 2013.
Organized by the Sacramento Region Community Foundation, the Big Day of Giving includes hundreds of nonprofits serving El Dorado, Placer, Sacramento, and Yolo counties. Donation information is available online. You can make donations until 11:59 p.m. tonight.
As of 8 a.m., today's effort had raised $4.4 million.
Sacramento Zoo cancels Elk Grove move
A planned new zoo in Elk Grove will not be moving forward, the Sacramento Zoological Society announced Wednesday.
Citing rising costs and concerns a new zoo would house far fewer species than the existing zoo in Sacramento's Land Park, the decision was made not to proceed, the society announced in a statement on its website.
Though the Sacramento Zoo is accredited through 2029, the planned move to Elk Grove was sparked by concerns that the aging, landlocked facility in Land Park would eventually fail to meet modern standards for zoos.
Senior Reporter Ben van der Meer has details about the decision not to move the Sacramento Zoo to Elk Grove.
Habit Burger plans 2 new Sacramento County sites
Habit Burger & Grill, known for its charbroiled hamburgers, has submitted plans for two new locations in Sacramento County.
The Irvine-based restaurant chain, which has more than a dozen locations throughout the greater Sacramento market, is seeking major design reviews for projects at 8861 Greenback Lane in Orangevale and 6150 Florin Road in the Florin area of Sacramento County.
Reporter Jake Abbott explains what Habit Burger is planning in Sacramento County.
Rancho Cordova industrial property sold
A fully leased industrial property of three buildings in Rancho Cordova has sold in an off-market deal,
Before the property at 2643-2647 Mercantile Drive officially came on the market, broker Peter Winterling said he had three to four good offers to buy.
"The number of offers shows how strong the Sacramento industrial market still is," said Winterling, a senior vice president and shareholder with Kidder Mathews. "It's almost as straightforward a purchase as you can find."
Senior Reporter Ben van der Meer has details about the industrial property sold in Rancho Cordova.
Amazon's vendor change spurs nearly 300 layoffs
Nearly 300 jobs at Amazon locations in the Central Valley are being eliminated as the online shopping giant is switching maintenance vendors.
The layoffs are effective June 14 for employees of Chicago-based Jones Lang LaSalle Inc. (NYSE: JLL) subsidiary Jones Lang LaSalle Americas Inc.
The job cuts are a total of 298 people. They include 77 people at SMF1, an Amazon fulfillment center in Metro Air Park, at 4900 West Elkhorn Blvd. in Sacramento.
Reporter Mark Anderson explains what you need to know about Central Valley layoffs resulting from Amazon's vendor change.
Have a great day, folks. Thanks for reading.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indianapolis Star
33 minutes ago
- Indianapolis Star
Aldi cuts its prices for the summer, up to 33% off 400+ items
Aldi is renewing what has become an annual summer tradition: cutting prices on hundreds of seasonal products. The Germany-based discount grocery chain said it will be reducing prices on nearly 25% of its products – more than 400 items including meat and produce – at its more than 2,400 stores. Prices will be reduced as much as 33% on the 400+ products over the summer, Aldi chief commercial officer Scott Patton told USA TODAY. Nearly one in four households shop at Aldi stores, he said, citing Circana data. Aldi's move comes as about two-thirds of Americans (67%) said they remained very concerned about food and consumer goods prices, according to a Pew Research Center survey of 3,589 adults in April. "Summer's for grilling out, camping, concerts, and quality time with friends and family – not stressing over grocery bills," he said. "That's why we decided to offer even lower prices on ALDI favorites all summer long. Our unique business model with smaller store footprints, 90% private brands and strong supplier partnerships means we can deliver real savings where other grocers can't." Starbucks: Upcoming coffee competition draws top baristas for latte art, blind tasting challenges Aldi, which plans to open 225 more stores in the U.S. this year, said its price cuts – kicking in June 5 through Labor Day – will likely save shoppers about $100 million – similar to the amount of money shoppers collectively saved with its reductions last year and more than the $60 million saved in 2023. "Last year's shopper response was overwhelming. Our customers loved it because they could stock up on summer staples without stretching their budgets," Patton said. "Aldi has always been known for quality at low prices, and when we can deliver even more savings for our shoppers, we do." Mike Snider is a reporter on USA TODAY's Trending team. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@
San Francisco Chronicle
35 minutes ago
- San Francisco Chronicle
Duluth Holdings: Fiscal Q1 Earnings Snapshot
MOUNT HOREB, Wis. (AP) — MOUNT HOREB, Wis. (AP) — Duluth Holdings Inc. (DLTH) on Thursday reported a loss of $15.3 million in its fiscal first quarter. The Mount Horeb, Wisconsin-based company said it had a loss of 45 cents per share. Losses, adjusted for non-recurring costs, were 32 cents per share. The clothing and tools supplier posted revenue of $102.7 million in the period. _____
Yahoo
35 minutes ago
- Yahoo
Exclusive-Walmart's Flipkart secures approval for direct lending in India, documents show
By Ashwin Manikandan (Reuters) -Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source. This is the first time the Reserve Bank of India has granted a large e-commerce player in India a non-bank finance company (NBFC) licence, allowing it to lend but not take deposits. Most e-commerce platforms currently offer loans in tie-ups with banks and NBFCs, but a lending licence will enable Flipkart - India's largest e-commerce firm - to lend directly, a more lucrative model for the group. The central bank issued its certificate of registration - a document that officially recognizes a company as an NBFC - to Flipkart Finance Private Limited on March 13. Reuters has reviewed a copy of both the certificate of registration and the approval letter also dated March 13. The approval has not been previously reported. Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank's approval letter. Neither Flipkart nor the Reserve Bank of India immediately responded to Reuters' request for comments. The e-commerce giant may commence its lending operation "in a few months", according to a source aware of the matter who declined to be identified as the talks are private. A final decision on the launch will be subject to the completion of various internal processes such as the appointment of key management personnel and board members and the finalisation of business plans, the source said. Flipkart plans to lend directly to its customers on its popular e-commerce platform and through its fintech app the source said. It may also offer financing to sellers on the platform, they added. At present, the e-commerce giant offers personal loans to customers through tie-ups with lenders such as Axis Bank, IDFC Bank and Credit Saison. Flipkart, last valued at $37 billion in 2024 when it raised $1 billion in a funding round led by Walmart, is shifting its holding company from Singapore to India. Walmart also aims to take the 17-year-old company public. Walmart bought a controlling stake in Flipkart in 2018, which also gave it ownership of PhonePe, a fintech firm also preparing for an IPO. Earlier this year Flipkart's rival Amazon acquired a Bengaluru-based non-bank lender Axio, but the deal is yet to be cleared by the central bank. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
