Lunes, 23 Abril, 2018

Sam's Clubs Closing, including 3 in Southern California

Sam's Club to Close Several Illinois Locations Getty Images
Manuel Armenta | 13 Enero, 2018, 03:47

Employees at the west side Sam's Club location on Rockville Road were in the same meetings as the two closing locations, but didn't know for sure if the store would permanently remain open.

Car after car driving up to the Sam's Club Thursday only to find out it abruptly closed for the day so the company could break the news.

Wholesale club giant Sam's Club announced Thursday it will shutter more than four dozen stores across the country, impacting thousands of employees.

Sam's Club is closing 63 of its stores to "better align" its store locations with its strategy. "Our focus today has been on those associates and their communities, and communicating with them", said John Furner, president and CEO of Sam's Club. "Closing clubs is never easy and we're committed to working with impacted members and associates through the transition".

In 2015, Walmart first announced that it would increase wages for 500,000 workers by taking its U.S. company-wide minimum wage to $9 an hour.

"Investing in employees is beneficial on multiple fronts, including reductions in turnover, as well as potentially enhancing the store experience for customers, which in the current shifting retail environment, is critical for any brick-and-mortar retailer", Moody's lead retail analyst Charlie O'Shea said in a statement. The deal announced by Walmart is being credited to the tax bill the Republicans passed late last year - legislation that will give the Walton family, which controls the company, untold sums of money in tax breaks - and would total $400 million in payouts. They are based on company seniority and how long workers have been with the organisation, amounting to an additional $400m.

Forsythe says the city is hopeful the corporation will quickly figure out a game plan for the abandoned stores.

Sam's Club has been a good performer for the world's largest retailer.

"I'm glad to hear it for the people who are employed there", said Walmart shopper Tovanna Vasser of Mt. Washington.

Customers also have the option of transferring their membership to another Sam's Club store. In order to qualify for the maximum bonus, employees must have 20 years of uninterrupted service, or more.

Up to a dozen of the 63 stores will become e-commerce fulfillment centers to help support e-commerce efforts, the company said. Trump said pay would rise, and see, it is; his critics said the windfall would all go to wealthy shareholders, and see, it isn't. Meaning, without confirmation of some official sort, I am always reluctant to pull that trigger of immediately releasing the news. "Wal-Mart is the latest company to make such an announcement, directly [as a] result of the tax cuts".