Walmart abruptly closing 63 Sam's Club stores

At least 12 of the stores will be converted into e-commerce fulfillment centers for Walmart the first of which will be located in Memphis Tenn

"Our goal is to place as numerous impacted associates as possible at other Sam's Clubs or Walmart stores", he said in an email.

Reports indicate that customers and employees arrived at some locations to find doors at the massive retailer to be locked. It's not yet confirmed if other stores in the Houston area are permanently closing, however.

Several stores were abruptly closed Thursday.

Walmart plans to close 63 Sam's Club locations and convert up to 12 of the affected clubs to e-commerce fulfillment centers.

In Hampton Roads, the Sam's Club located at Little Creek Marketplace off Tidewater Drive in Norfolk was closed.

Hourly employees will continue to be paid for 60 days while they look for other jobs within other Sam's Club or Walmart locations.

"Today, we are building on investments we've been making in associates, in their wages and skills development".

Mark Lawrenson states his prediction for Liverpool FC v Man City
Klopp might note that the one side to hold an 11-man City in the league, Crystal Palace , did so using the 4-3-3. An attacking approach could favour City but if Liverpool find their mojo there could be an upset.

Meanwhile, stores like Sam's Club, which lacks a clear specialty and faces stiff competition with Costco, have not done well.

In a White House press briefing Thursday afternoon, Treasury Secretary Steve Mnuchin praised Walmart for the announcement - but did not discuss the Sam's Club closures and lay-offs.

Walmart also announced today that it would be raising hourly wages for employees to $11.

Walmart plans to start paying its one million U.S. workers at least $11 an hour and give them a one-off cash bonus.

Walmart, the nation's largest private employer, said it would record a 14-cent-per-share charge to its earnings as a result of the changes. "If this tax package is to work, it will work because it galvanizes companies to spend on capital to get capital deepening, give workers the tools to actually get paid more because they're more productive".

The company claimed the wage and benefit changes would benefit the company's more than one million U.S. hourly associates. The adoption benefit of $5,000 would apply to both full-time hourly and salaried workers and could be used for expenses such as adoption agency fees, translation fees and legal or court costs.

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