Walmart is abruptly closing several Sam's Club stores and laying off thousands [100+ stores?]

Business Insider ^ | 01/11/2018 | Hayley Peterson

[GIdget2004]

Walmart is suddenly closing several Sam's Club stores across the US.

Closures were reported by local media in Texas, New York, New Jersey, Indiana, Arizona, Alaska, and elsewhere.

In some cases, employees were not informed of the closures prior to showing up to work on Thursday.

Instead, they learned that their store would be closing when they found the store's doors locked and a notice announcing the closure, according to reports.

Walmart and Sam's Club did not immediately respond to a request for comment.

Sam's Club offered an explanation on Twitter, however, saying, "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."

[mdmathis6]

Many companies do the layoff thing at Christmas....it’s a cynical exercise designed to encourage the employees so affected to view politicians with a jaundiced eye.

[Tolerance Sucks Rocks]

So Wal-Mart raises beginners’ pay from $9.00 to $11.00/hour, but at the same time, closes a number of stores?

Looks like they’ll keep most of that tax cut money for themselves after all.

Die, corporate scum!!!

[caww]

This is standard for most retail companies the first few months of the New Year....they condense their operations and this is often based on what stores are least profitable. Thus those stores are not a drag on the rest of the company.

Additionally big block stores are increasingly closing stores as on line purchases and specialty shops have grown popular with the public.

[dfwgator]

SO - NOBODY WAS FIRED TODAY. ALL WILL HAVE JOBS FOR THE WARN PERIOD.

Oh, you're no fun anymore. You just ruined a perfectly good anti-capitalist rant.

[caww]

Same here..Costco has now surpassed Sam’s Club.

[Tolerance Sucks Rocks]

Thanks for the info. My apologies to them for assuming the worst.

[caww]

One other thing.....even when they’re closing stores that are not profitable they are ‘opening’ new stores in other areas....the news always fails to disclose that fact.

[dfwgator]

And many of those workers will work at the new stores.

[Tolerance Sucks Rocks]

Of course. Wal-Mart actually doing productive things would not fit their narrative.

[caww]

They’re usually offered jobs to transfer to other stores if they want.... most don’t as they’d rather take unemployment.

[caww]

That’s right....again the left’s media arm is to make the economy ‘look bad’ because Trumps in office.....

[SunkenCiv]

BTW, one of the stores named is the one I normally use, and according to an employee there, they'd had a meeting, were told the store is not closing, and she wondered where my information had come from.