Economy

Walmart to close Sam's Club stores

Walmart to close Sam's Club stores”

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.

The company said it will provide support and resources to those affected by the closures, including up to a $1,000 one-time cash bonus made possible - according to the company - by the new federal tax law. Anyone who has worked there over five years will receive at least a $300 bonus. The move could impact as many as 11,000 employees.

Four Sam's Club outlets in New York, Texas and California will also close.

The store will close to the public by January 26, Walmart spokeswoman Laura Ladd Poff said, offering no details on the number of employees at the location. IL loses the most locations at six.

The closures come the same day Walmart Stores Inc.

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

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

The company said 63 stores across the country will be closed or converted to distribution centers.

Further, in the wake of the announced Sam's Club closings, BJ's said it "has received numerous inquiries from Sam's Club employees", and directed those interested in applying for jobs to visit its website or a nearby club.



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