Sams Club stores closing, none locally

Andrew Cummings
January 13, 2018

Wal-Mart Stores Inc., the parent company of Sam's Club, announced that it will cut approximately 10 percent of its 110,000 Sam's Club workforce as it tries to revive the big box retailer's sagging sales. The only other Florida store on that list was in the town of Fern Park, near Altamonte Springs.

"We've made a decision to right-size our fleet and better align our locations with our strategy, " Sam's Club president and CEO John Furner said.

Business Insider, who spoke with Walmart, says that the company is closing 63 Sam's Club stores all over the US.

Crouch added that the city has Norfolk Works and other resources that can help employees find work if they are unable to relocate within Walmart or Sam's Club.

The move comes the same day as Walmart, which owns Sam's Club, announced it was boosting starting pay to $11 an hour and giving a $1,000 bonus to certain employees.

All the new changes will take effect in February, and will affect more than one million Walmart employees across the U.S., according to the company, Business Insider reports. Walmart will also close and convert another 10 to 12 into regional distribution centers.

Walmart also announced it would increase parental and maternal leave benefits and give eligible employees a one-time cash bonus for as much as $1,000.

In Hampton Roads, the Sam's Club located at Little Creek Marketplace off Tidewater Drive in Norfolk was closed. The chain also "had an immediate increase in Sam's Club members joining BJ's Wholesale Club", according to the statement.

Sam's Club membership fees - which cost $45 annually - will be refunded to customers affected by the closings, according to the BI report. The one-time bonus represents an additional payment to associates of approximately $400 million, Walmart said.

"Today, we are building on investments we've been making in associates, in their wages and skills development", McMillon said in a press release.

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