Sci-tech

Sam's Club to shutter San Antonio location amid wave of national closures

Sam's Club to shutter San Antonio location amid wave of national closures”

A spokesperson for the retail store says some of the closed stores could be converted into E-Commerce facilities to fulfill more online orders and keep pace with internet retailers. Walmart hopes to find positions for displaced workers at other Sam's Club locations.

Competing warehouse club BJ's tells NewsChannel 9 it's offering a special rate for ex-Sam's Club members.

BJ's Wholesale Club, another rival, encouraged Sam's Club customers to join its program, noting in a statement that there was "an immediate increase" in new memberships after the Sam's Club closings.

On Thursday, the same day Walmart said it was raising its employees' salaries to $11-an-hour, citing the Republican tax reform bill as a catalyst, the corporation announced it was closing 63 Sam's Club stores nationwide.

In reality, Walmart has announced the imminent closure of 63 Sam's Club stores. "We need to make sure we have the right mix". Some demanded refunds for their Sam's Club memberships, which cost between $45 and $100.

Workers will be paid for 60 more days starting Thursday, she said, and those who don't transfer to a Walmart store at the end of that time frame will receive severance.

But like those other companies, devastating cuts are going to be made as well.

"Transforming our business means managing our real estate portfolio - we need a strong fleet of clubs that are fit for the future", he wrote to employees.

Lauren Fitz, 22, said she was at her other job as a church secretary when a colleague texted to say that the Sam's Club where they both worked in Loveland, Ohio, had closed.

Sam's Club, which first opened in 1983 in Oklahoma but has since expanded across the country and overseas, is a chain of warehouses operated as clubs offering memberships.

The remaining stores will stay open for several weeks before closing permanently, according to Business Insider. The store wasn't underperforming, Hatfield said, but the company chose to close the location as part of a review regarding the "right mix of clubs" and emphasis on e-commerce under CEO John Furner.



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