Walmart to close Sam's Club in Worcester, after announcing raises, bonuses

Alfred Osborne
January 13, 2018

Sam's Club locations in Dover and Salisbury were not listed by parent company Walmart among the 63 stores that hare closing as part of a reorganization announced on Thursday.

Sam's Club temporarily closed the store Thursday and notified employees at the San Pedro store of the impending closure, Hatfield said. Typically, companies warn investors and shoppers - and employees - that they will be closing stores far in advance.

That store will close January 26th, but no word on what exact dates the other stores will close.

The Sam's Club in Sylmar, one of three locations in Southern California that will permanently close their doors, is offering 25 percent on most products from Friday through at least Sunday.

Several other states where CNNMoney has confirmed stores will be closing did not have such notices posted as of Thursday afternoon. He said it was too early to say how many people would lose their jobs since some will be placed at other Walmart locations or be rehired to the e-commerce sites.

Sam's Club said through Twitter that the pharmacies located in the Sam's Club locations that are closing would remain open for a minimum of two weeks, while it works with transferring prescriptions and contacting clients.

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Large employers also have been under pressure to boost benefits for workers because unemployment rates are at historic lows, allowing job seekers to be pickier. "This is a decision we made based on what we need to do to maintain a healthy business going forward".

Despite the loyalty it engenders from members, Sam's Club has "underperformed peers" financially, according to Oliver Chen, an analyst with Cowen.

Sam's Club says their customers will be refunded their 45 dollar annual membership fee.

The Sam's Club he shopped at in North Carolina, the closest one in a 25-mile radius, is closing.

"It's like a long-term girlfriend leaving you and not even giving you a call", Mr. Singh said.

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