Quantcast

Walmart To Shutter Dozens Of Sam's Club Locations - LEX18.com | Continuous News and StormTracker Weather

Walmart To Shutter Dozens Of Sam's Club Locations

Posted: Updated:
StockMonkeys.com / Flickr / CC BY 2.0/ MGN StockMonkeys.com / Flickr / CC BY 2.0/ MGN

(CNBC) — Walmart is shuttering some of its Sam's Club locations, with several stores reportedly closing their doors across the U.S. as early as Thursday. The exact number of stores closing hasn't been confirmed by the company.

A source familiar with the situation said a few dozen Sam's Club stores are set to close. That compares with a total of five the company has closed since fiscal 2013.

As of Jan. 31, 2017, Walmart had 561 Sam's Club locations in the U.S.

The news comes as the big-box retailer just announced it would be using savings from new tax legislation to raise employee's starting wages and offer bonuses to staff.

A company spokesperson didn't immediately respond to CNBC's request for comment.

Reports of the closings began to emerge Thursday morning in local media outlets in Texas, New York, New Jersey and Arizona, amid complaints from disgruntled employees and confused customers. In some cases, employees weren't notified in advance, some publications said.

Sam's Club's Twitter account was issuing statements to upset customers Thursday afternoon.

When one user asked about picking up a prescription from a closing store, Sam's Club said: "Pharmacies will stay open for at least two weeks, and we will work with each state's Board of Pharmacy to help guide this transition."

Sam's Club has generally underperformed relative to Walmart, facing strong competition from discount peer Costco, which has excelled at merchandising and vendor relations. In recent years, Walmart has focused on reviving the brand.

At an October meeting with investors, Sam's Club CEO John Furner said the retailer needed to improve its "competitive position" as same-store sales growth started to slow into the first half of fiscal 2018.

Those efforts would include better targeting households that make between $75,000 to $125,000, Furner said. He didn't speak to whether Sam's Club would be closing or opening more stores as part of achieving those goals.

More broadly, Walmart has been investing in its digital business, underlined by its change of name from Wal-Mart Stores to Walmart. These efforts have been propelled by its acquisition of Amazoncompetitor Jet.com, through which it has been building a coterie of online brands.

WEATHER
MaxTrack Doppler
  • Most Popular StoriesMost Popular StoriesMore>>

  • Police Called For Wild Keeneland Crowd

    Police Called For Wild Keeneland Crowd

    Saturday, April 21 2018 10:23 PM EDT2018-04-22 02:23:05 GMT
    LEXINGTON, Ky. (LEX 18) - Police officers at Keeneland called for backup after a rowdy crowd started throwing things at them Saturday afternoon. Lexington Police say an officer working in a tailgating area outside the track tried to arrest an underage drinker. That's when they say the crowd got out of control and started throwing things and fighting. We're told five people were arrested on charges including alcohol intoxication, disorderly conduct and resisting arrest. Re...
    LEXINGTON, Ky. (LEX 18) - Police officers at Keeneland called for backup after a rowdy crowd started throwing things at them Saturday afternoon. Lexington Police say an officer working in a tailgating area outside the track tried to arrest an underage drinker. That's when they say the crowd got out of control and started throwing things and fighting. We're told five people were arrested on charges including alcohol intoxication, disorderly conduct and resisting arrest. Re...
  • Heartbroken Cat Walked 12 Miles Back To His Family, And They Tried To Euthanize Him

    Saturday, April 21 2018 3:55 PM EDT2018-04-21 19:55:09 GMT
    SPCA Of Wake County via TODAYSPCA Of Wake County via TODAY

    RALEIGH, N.C. (TODAY SHOW) -  After Toby the cat walked 12 miles to get back to the place he thought was home, his original family took him to a county shelter and requested that he be euthanized. Luckily for the 7-year-old Maine coon mix, the shelter, not wanting to euthanize a seemingly healthy cat, contacted the SPCA of Wake County in Raleigh, North Carolina, for help. “The shelter called us at the SPCA to ask if we could take him in and help hi...

    RALEIGH, N.C. (TODAY SHOW) -  After Toby the cat walked 12 miles to get back to the place he thought was home, his original family took him to a county shelter and requested that he be euthanized. Luckily for the 7-year-old Maine coon mix, the shelter, not wanting to euthanize a seemingly healthy cat, contacted the SPCA of Wake County in Raleigh, North Carolina, for help. “The shelter called us at the SPCA to ask if we could take him in and help hi...

  • Homeowner Finds Naked Intruder In Her Tub, Eating Cheetos

    Homeowner Finds Naked Intruder In Her Tub, Eating Cheetos

    Saturday, April 21 2018 11:41 PM EDT2018-04-22 03:41:47 GMT
    MGNMGN
    MGNMGN
    MONROE, La. (AP) - Police in Louisiana say a woman came home to discover a naked stranger in her tub, eating her Cheetos while taking a bath.      A Monroe police affidavit says 29-year-old Evelyn Washington was arrested on burglary and property damage charges.      The Fort Worth Star-Telegram reports that a responding officer found "a full tub of water and a plate of food along with half eaten Cheetos belonging to the victim on the toilet next to t...
    MONROE, La. (AP) - Police in Louisiana say a woman came home to discover a naked stranger in her tub, eating her Cheetos while taking a bath.      A Monroe police affidavit says 29-year-old Evelyn Washington was arrested on burglary and property damage charges.      The Fort Worth Star-Telegram reports that a responding officer found "a full tub of water and a plate of food along with half eaten Cheetos belonging to the victim on the toilet next to t...
Powered by Frankly

© LEX18.com 2018, LEX18.com
A CORDILLERA COMMUNICATIONS Station
All rights reserved
Privacy Policy, | Terms of Service, and Ad Choices

Can't find something?