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PostPosted: Thu Jan 11, 2018 7:06 pm 
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https://www.usatoday.com/story/money/20 ... 024986001/

Sam's Club, the membership warehouse owned by retail giant Walmart, is shutting down or converting 63 stores.

The company attributed the decision to the need to better fulfill online orders, less population growth than expected in some markets and too many locations given demand in others.

The Sam's Club closures were confirmed the same day that Walmart said it would lift the hourly minimum wage in the U.S. to $11 and give out bonuses of up to $1,000.

Of the Sam's Club locations, about 50 will be going out of business for good. Roughly 10 of those locations are closing their doors as of Thursday, Jan. 11, while the remainder will be shuttered over the next three to four weeks.


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