Sam's Club closing 63 stores around the country

Sam's Club closing 63 stores around the country

Sam's Club closing 63 stores around the country

In a statement issued Thursday, parent company Walmart said it would shutter 63 Sam's Clubs around the us, and would convert 12 of them to online order fulfillment centers.

The world's largest private employer said it was closing 63 of its 660 Sam's Clubs - including Morrisville and another location in Lumberton - during the next weeks, with some shut already.

The news came as a surprise for the people who worked in some of those stores because majority walked into a sign announcing the closure, instead of their jobs.

The store is closed right now and people are being turned away at the entrance.

In a tweet, Sam's Club wrote, "After a thorough review of our existing portfolio, we've made a decision to close a series of clubs and better align our locations with our strategy".

However, one employee at a Sam's Club store in Alaska said all branches in the state are closing as part of a larger downsizing across the US.

Wal-Mart expects to record a charge of about 14 cents a share for the Sam's Club actions, mostly in the fourth quarter.

"I feel disappointed with Sam's, Walmart and the way they're doing this", said shopper Lenny Mendoca. Others were informed via letters FedEx'd to their homes. Shropshire said she feels bad for the employees. "This is nothing but another public relations stunt from Walmart to distract from the reality that they are laying off thousands of workers and the ones who remain will continue to receive low wages".

"Transforming our business means managing our real estate portfolio and Walmart needs a strong fleet of Sam's Clubs that are fit for the future", Sam's Club CEO John Furner said in a statement.

The closing of a store in New Jersey caught one family by surprise.

The decision leaves the Triangle with only three Sam's Clubs to choose from - west Durham, north Raleigh and a Raleigh location south of downtown.

Walmart said on Thursday that its increase in worker wages would cost the company an extra $300 million next year, and that the announced worker bonuses will run roughly $400 million.

Some members are asking for refunds for their membership. (WMT: NYSE) today announced changes to the business unit's US real estate portfolio, with the closure of 63 clubs around the country.

The company's wage hike comes as retailers focus on customer service and reconfigure how they use their brick-and-mortar stores to compete with the fast delivery and convenience that Amazon offers. Walmart said those being laid off at Sam's Club will still receive a bonus.

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