Wal-Mart's Sam's Club to shut stores after "review"

Marco Green
January 13, 2018

The world's largest private employer did not disclose how many people would lose their jobs, but said some workers may be placed at other Walmart locations.

Fees to join Sam's Club run from $45-$100 a year.

The company told Business Insider that 63 locations are closing after reports of sudden store closings emerged on social media.

The El Camino Avenue location will close for good on January 26, according to a sign on the front door.

Some point out Sam's Club is giving certain employees bonuses due to tax reform - and wonder if the company appears to be doing well, why they're downsizing.

Seven of these stores are in IL, reports WGN, many in the Chicago-area.

The closures come the same day Walmart Stores Inc.

"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", the chain said in a tweet Thursday.

The company operates two Sam's Clubs in Wyoming - one in Casper and another in Cheyenne.

Sam's Club temporarily closed the store Thursday and notified employees at the San Pedro store of the impending closure, Hatfield said.

The company said wage increases for Walmart store employees will take effect in February and will be about $300 million in addition to wage increases already planned.

Other reports by Click Lancashire

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