Sam's Club Announces Store Closures

Sam's Club Announces Store Closures

Sam's Club did not immediately reply to a request for comment. Several abruptly closed on Thursday, in some cases without informing employees. It's not yet confirmed if other stores in the Houston area are permanently closing, however.

While the Sam's Club closure isn't good news, Manzi said "we will be able to announce another major wholesale club coming to Seabrook very shortly, at a different location".

The news comes the same day Sam's parent company, Walmart, announced raises for some store employees.

The Mayor of Stonecrest said they are outraged. In some cases, employees were not told and showed up Thursday morning to find the store closed and the doors locked.

The closing of a store in New Jersey caught one family by surprise.

"As the labor market tightens, we expect to see wages going up, and if the tax reform provides them additional income, they can then use that to compete for workers by paying more", said Jones.

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Once commenter even stated that her son had just been hired at the Budd Lake location and was only two weeks into training as of today.

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

"After a thorough review of our existing portfolio, we've made a decision to close a series of clubs and better align our locations with our strategy", Sam's Club said.

Walmart has unveiled plans to close around 10% of its Sam´s Club branded wholesale stores and make thousands of workers redundant.

Walmart said it will record a discrete charge of approximately 14c per share related to the actions. The bonuses, which would range from $200 to $1,000 would be for workers who don't benefit from the salary increase and would be grated based on length of service. As of December, the average pay for full-time workers was $13 an hour. "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". All hourly employees at this facility will be terminated effective April 13, 2018.

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