News & Press: Latest News

Wal-Mart closing 63 Sam's Club stores and laying off thousands of workers

Friday, January 12, 2018  
Share |

By Jade Scipioni  Retail FOXBusiness

Salinas, United States - April 8, 2014: Walmart store exterior. Walmart is an American multinational corporation that runs large discount stores and is the world's largest public corporation.

On the same breath that Wal-Mart (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.

A spokesperson for Wal-Mart did not immediately return FOX Business’ request for additional comment on the store closures.

However, many customers and workers took to social media to complain about how the company handled the situation with many of them saying they weren’t given any notice of the shutdown and many stores were abruptly closed on Thursday morning.

Several local media outlets in Texas, New York, Virginia and Arizona confirmed that stores closed on Thursday.

Wow. Walmart brags about raising wages and giving out bonuses because of tax cuts and, then, thousands of #SamsClubworkers are abruptly fired from their jobs without any warning! This display of trickle-down economics at work is nothing but smoke and mirrors #Walmart #Samsclub2018

A Wal-Mart official told Business Insider that 10 of the affected stores will be turned into e-commerce distribution centers, and employees of those will have the opportunity to reapply for positions at their locations.

A Sam’s Club spokesperson added that its pharmacies will continue to stay open for at least two weeks, and they plan to work with each state’s Board of Pharmacy to “help guide this transition."




FCFP Sponsors