A facility in Memphis, Tenn. will be the first club to be converted into an e-commerce center. Walmart hopes to find positions for displaced workers at other Sam's Club locations.
Sam's Club is a membership-based chain owned and operated by Walmart and has three locations in Alaska.
"This is about the evolution of retail", said Michael Mandel, chief economic strategist at the Progressive Policy Institute.
The announcement came on the same day that Walmart said it is boosting its starting salary for US workers and handing out bonuses. Target had raised its minimum hourly wage to $11 in October, and said it would raise wages to $15 by the end of 2020.More news: Boat carrying 40 school children capsizes in western India
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"They (gave) us the news so we can go mark everything down", she said. "The labor market is tight and getting tighter".
Workers can contact the Union County American Job Centers, at 921 Elizabeth Ave.in Elizabeth, and 200 W. Second St.in Plainfield. Walmart reported fiscal year 2017 revenue of $485.9 billion. "Closing clubs is never easy and we're committed to working with impacted members and associates through this transition", the company wrote.
CEO Doug McMillon explicitly attributed these investments to the tax reform legislation passed by Republican legislators and approved by President Donald Trump in late 2017. It has done well and strengthened its hand in online retail as many other retailers have struggled.
The one on Gale Ave in the City of Industry kept their pharmacy open today, and say they will keep their entire store open starting tomorrow until they permanently close their doors on the 26th of January.
In its statement, Walmart said it is offering resources and support to associates affected, including the bonus that it announced and 60 days' pay, along with severance for those eligible. In all, Walmart employs 2.3 million people around the world, 1.5 million of which are in the U.S. Employees were notified Thursday. Some veteran Walmart employees will even receive bonuses of as much as $1,000. The money is applied to adoption agency fees, translation fees and legal expenses.