Sam's Clubs closing in Mich.; one in Farmington Hills

Treasury Secretary Steven Mnuchin

In a note to staff, Sam's Club President and CEO John Furner said that a review found stores that were hindering business at other locations or operating in areas that had not seen the population growth that was expected.

The company will look at opportunities to transfer Sam's Club employees to Walmart locations in Alaska, Garcia said.

The Sam's Club location at 12919 San Pedro Ave.in San Antonio.

Sam's Club said through Twitter that the pharmacies located in the Sam's Club locations that are closing would remain open for a minimum of two weeks, while it works with transferring prescriptions and contacting clients.

Sam's Club is a member's only retail warehouse club which was founded by Sam Walton in 1983 and owned and operated by Walmart. Sam's Club, at 7233 N. Seacrest Blvd., is a membership store similar in concept to Costco and BJ's Wholesale Club.

"The wonderful thing it's done by increasing permanent wages for a million employees is now being defined by, sadly, 11,000 people being let go", Crutchfield said.

Several other states where CNNMoney has confirmed stores will be closing did not have such notices posted as of Thursday afternoon. A company official who spoke on condition of anonymity because he was not authorized to discuss details of the decision publicly said about 10 are being repurposed into e-commerce distribution centers.

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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.

If you're a Walmart worker with a story to share, email retail.

The statement added that closing clubs was not easy and the company is committed to working with its impacted members as well as associates through the transition. He said it was too early to say how many people would lose their jobs since some will be placed at other Walmart locations or be rehired to the e-commerce sites.

In addition, the company's legal name will become Walmart Inc. effective February 1 to reflect its growing status as an omni-channel retailer.

After the passage of the tax bill, AT&T also promised thousand-dollar bonuses to employees and later announced it would lay off over 1,000 workers in 2018.

"We're actively managing our portfolio in Sam's just as we are in Walmart", Garcia said.

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.

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