Jamestown Sam's Club closing as company realign's locations

Elise Amendola | AP | BDN

The wage increase will take effect in February and includes employees at Walmart and its subsidiaries, including the more than 600 remaining Sam's Club locations.

Sam's Club, a division of Wal-Mart Stores Inc., announced changes to the business unit's USA real estate portfolio, with the closure of 63 clubs around the country.

There were reports of stores closing in more than 10 states, including Alaska, Arizona, Connecticut, Illinois, Indiana, Louisiana, Maryland, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, and Virginia.

The chain will close three stores in the Indianapolis, Indiana area on January 26, affecting a total of 419 workers, the Indianapolis Star reported.

"After a thorough review of our existing portfolio, we've chose to close a series of clubs and better align our locations with our strategy", Sam's Club said on Twitter.

The Wall Street Journal says 10 per cent of the 660 stores are being closed with potentially 10,000 jobs being impacted. "No one had any idea. So, we're like, 'Let's come back, '" she said.

The notice said all employees who are losing their jobs can apply for open positions at other Sam's Clubs of Walmart stores.

Newly laid off Sam's Club employees have turned to BJ's Wholesale, Inc. for work after Wal-Mart (WMT), the retailer's parent, announced it was closing more than 60 locations across the country on Thursday.

Walmart employs about 2.2 million people globally, with more than 1.5 million in the United States, and had total global revenue of almost $500 billion past year.

Trump and Republican lawmakers cheered the move, and Rep. Paul Ryan said it evidenced the way their controversial tax plan "is helping improve people's lives".

The 100% membership satisfaction guarantee states: "'If at any time a member is unsatisfied with your Membership, let us know and we will cancel your membership and provide a refund of the amount paid for your current year Membership fee".

"Many of us depend on this Sam's, for many of our goods and supplies", said Juan.

The company hasn't said much about the reasons or given much explanation.

The company confirmed the closings in a statement on Twitter, and the Morrisville location was no longer listed on its website.

News of the closures began to slowly trickle out Thursday. "This is one of them".

Walmart's new perks also include a one-time bonus - ranging from $200 to $1,000 - for eligible hourly associates.



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