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Walmart is abruptly closing 63 Sam´s Club
stores and laying off thousands of workers

Business Insider, by Hayley Peterson

Original Article

Posted By:NorthernDog, 1/11/2018 3:55:52 PM

Walmart is closing 63 Sam´s Club stores across the US, the company told Business Insider on Thursday afternoon, after reports of abrupt store closings began to emerge. Sam´s Club has not said how many employees are losing their jobs. Each Sam´s Club warehouse employs about 175 people, meaning more than 11,000 people could be impacted. In some cases, employees were not told their store had closed before showing up to work on Thursday. Those employees learned their store would be closing when they found the store´s doors locked and a notice announcing the closing, according to reports. At some stores,

Comments:
List of closed stores at end of article.

      


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Reply 1 - Posted by: Mushroom, 1/11/2018 4:05:34 PM     (No. 11507116)

To raise wages business has to get the money from somewhere, and frankly The Indy metro area had 6 clubs. Way too many for the population/target market.

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Reply 2 - Posted by: KTWO, 1/11/2018 4:22:30 PM     (No. 11507133)

Illinois has 8 of the 63 that are closing.

There have been recent articles about that state losing population and raising taxes. But perhaps other factors were at work; their competition could be very strong there.






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Reply 3 - Posted by: sinic, 1/11/2018 4:26:16 PM     (No. 11507140)

We could never justify going in Sams or Costco .... the last thing we need is enough paper towels (or whatever) to carry us into the next century. I don´t know of too many families big enough to even warrant shopping for the large quantities they sell.

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Reply 4 - Posted by: judy, 1/11/2018 4:30:47 PM     (No. 11507148)

I love their meats & they have great prices on pet food .

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Reply 5 - Posted by: Rumblehog, 1/11/2018 4:40:41 PM     (No. 11507161)

More of the Amazon effect?
WalMart execs need to find other jobs.

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Reply 6 - Posted by: smcchk, 1/11/2018 5:12:09 PM     (No. 11507196)

Costco is a huge competitor, not to mention Amazon.

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Reply 7 - Posted by: Judy, 1/11/2018 5:39:15 PM     (No. 11507216)

Costco & Amazon are Big Democrat supporters, that’s why I shop Walmart & Sam’s Club.

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Reply 8 - Posted by: uno, 1/11/2018 5:43:38 PM     (No. 11507219)

If I had to guess I would say that Walmart will be focusing their resources on home delivery to directly compete with Amazon.

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Reply 9 - Posted by: ocjim, 1/11/2018 5:59:33 PM     (No. 11507231)

Looks like a consolidation to trim back the losing, or only marginally profitable, locations. Higher employee wages and benefits demands healthy profitabiliy. Anyone want to try for $20/hour minimum wage or have we all figured out what Econ 101 could have taught us?
And the victims are the very low-end workers that the ´´unions´´ purport to protect. No free lunch folks.
I even notice at Costco the past year they´re all more solicitous and courteous. Rough days for brick and mortar, I guess,

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Reply 10 - Posted by: qwerty, 1/11/2018 6:12:36 PM     (No. 11507253)

And we´re supposed to be surprised at this?

A business makes a profit, raise pay, the profit has to come from someplace.

I´m very sure the company is going to give generous severance pay to the victims of corporate greed/profit.

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Reply 11 - Posted by: Cor-Vet, 1/11/2018 6:30:46 PM     (No. 11507273)

Costco is anti 2nd amendment and doesn´t allow concealed carry in their stores, but Sams does. Therefore, Sams gets my business. Never had a problem with any of their employees, they´re very helpful and polite at the store I frequent. Everything doesn´t come in huge amounts, you can actually just grocery shop at Sams.

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Reply 12 - Posted by: doublesharp, 1/11/2018 7:23:23 PM     (No. 11507318)

Who needs a membership club when you´ve got Aldi stores? I´m a 35 year member but other than gas I seldom shop there. I did do some Sam´s Club online Christmas shopping this year and it was satisfactory service and great prices on email blast sale items.

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Reply 13 - Posted by: joew9, 1/11/2018 7:48:11 PM     (No. 11507344)

Not surprised. Much competition has grown up in the last 10 years. Plus I have found that I can do just as well going to the many discount stores that have opened up. Even a discount coat factory store has become a discount goods store with coats as only a sideline.

My problem with the warehouse clubs is not a lack of excellent deals on name brand high quality merchandise. It´s that usually I don´t need that level of quality. I have let my warehouse club membership expire.

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Reply 14 - Posted by: Nevadadad46, 1/11/2018 7:48:35 PM     (No. 11507345)

Newest trend is home delivery. Massive pallet purchase stores will have to close. Average home simply does not have room to store case lots of food.

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Reply 15 - Posted by: Judy, 1/12/2018 12:26:51 AM     (No. 11507501)

Walmart on line is great, they have great comparison shopping, free & fast delivery, I have no complaints.

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Reply 16 - Posted by: trashcann, 1/12/2018 12:53:26 AM     (No. 11507517)

I was a Sam´s club member for over 20 years but a few years ago I noticed that there they raised prices to the point I could not justify the membership fees. Oh, and the fact the closest one to me was in Ferguson MO. and is one of the lowest rated store on the net.


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Reply 17 - Posted by: Smart11344, 1/12/2018 2:14:40 AM     (No. 11507542)

I´m a real republican and shop Costco, instead of Sam´s. Costco´s customer service is fantastic. Costco´s meat and bakery are fantastic, too.

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Reply 18 - Posted by: judy, 1/12/2018 4:51:05 AM     (No. 11507557)

If you listened to the democrat media you would think the world is ending with these few Sam´s closing. I don´t recall any outrage when thousands lost their jobs in mining, lumber, fishing, car dealerships destroyed by Obama, open borders, highest use of food stamps & welfare in history, no growth, waste of trillion $$ stimulus with no roads built, just signs with Obama´s name, bail out of auto companies, high gasoline, cash of clunkers, salendra, obamacare, housing crisis...

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