63 Sam’s Clubs Slated For Closure

It was the classic “good news, bad news” day at Wal-Mart Stores. On the same day (Jan. 11) the world’s largest retailer announced hourly wage increases for U.S. employees, Sam’s Club abruptly closed or moved to close around 60 stores.

Several television stations across the country broke the news of the closures when employees and members found closed signs posted on the door of their local Sam’s Club.

Sam’s Club did provide a brief statement on Twitter noting: “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.”    MORE

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