On the same breath that Walmart (WMT) announced that it is raising its hourly wages to $11 and giving employees bonuses due to tax reform, the world’s largest retailer also revealed it’s closing 63 Sam’s Club locations across the U.S., which will ultimately lay off thousands of workers.
The news of the exact locations was first reported by Business Insider, but later followed by a tweet from Sam’s Club’s official account.
“After a thorough review of our existing portfolio, we’ve decided to close a series of clubs and better align our locations with our strategy. Closing clubs is never easy and we’re committed to working with impacted members and associates through this transition,” the company tweeted.
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12 comments:
What about the one in Salisbury?
Heard cashiers there yesterday saying they weren’t closing.
Hopefully, they picked the best performers to stay and get raises instead of last-in-first-out!
11:18 bst performers at walmart? Oxynoron? Kinda like finding a unicorn?
Sam's sucked anyway. I'm still a Costco member, and the closest one is in Annapolis!
Gee, now we know how they are paying for those paltry $200 - $1,000 bonuses to their full time employees. The great Trump tax cuts at work! NOT!!
No other club stores within 25 miles of SBY. They won't close this one.
Why doesn't anyone understand consequences?
35 miles from Sams to BJ's in Millsboro.....just sayin.
Sam's GM Joyce had better 'tighten-up' or Salisbury could soon see its doors locked to.
Oh look at that a liberal snuck in!!
Yes as a couple stated. Competition is why the stores closed. Costco being the major one.
Possible these two are dividing up territory. Time will tell.
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