Sam's Club Closing Or Converting 63 Stores

On the same day Walmart announced it would raise the hourly minimum wage to $11 and give out $1,000 bonuses, the company said that it is shutting down or converting 63 of its Sam's Club membership warehouse stores.

Walmart said it's making the move to improve online order fulfillment and also due to less population growth than anticipated in some regions.

About 50 of the locations affected will be shuttered, with about 10 of those closing as of today (Thursday). The others will be closed in the next three or four weeks. Among those closing are three locations in Indiana. Possible closures in cities ranging from Memphis to Atlanta to Houston are also being reported.

Approximately a dozen stores will be converted to regional distribution centers to handle online orders, but workers at those stores have no guarantee they will be rehired in a new capacity. (USA Today)

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