Published: Sat, January 13, 2018
Worldwide | By Gretchen Simon

Sam's Club to shutter San Antonio location amid wave of national closures

Sam's Club to shutter San Antonio location amid wave of national closures

On Thursday evening a press release was issued in which Walmart, the owner of Sam's Club, said that 12 of the 63 stores would be converted to fulfillment centers. Some customer demanded to be refunded for their memberships to the club, which cost from $45 to $100 per year.

"We know this is hard news for our associates and we are working to place as many of them as possible at nearby locations", Sam's Club CEO John Furner said.

Earlier during the day, news broke of the closing of an unknown number of Sam's Club stores.

The Sam's Club location at 12919 San Pedro Ave.in San Antonio.

Company officials were not immediately available for comment, but the Sam's Club Twitter account offered up a brief statement. The conversion of stores to e-commerce sites also illustrates how companies are trying to leverage their store locations to better compete against Amazon as shopping moves online. The retailer declined to say how many jobs would be cut but the closures could affect up to about 11,000 jobs as part of the closings.

All the employees who lose their jobs will have the opportunity to apply for open positions at other Sam's Clubs or Walmart facilities, according to a required WARN Notice notice sent to the state Department of Labor and the Orange first selectman's office.

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Not all employees at the affected stores will be out of a job.

"They raised minimum wage", Sanders told reporters at a press briefing.

Sam's Club stores in Alaska are set to close this month, a company spokeswoman said Thursday. "So, we're like, 'Let's come back, '" she said.

The one-time bonus represents a $400 million expense, the company said.

This announcement comes on the heels of so many similar announcements by companies like AT&T and Comcast, claiming that the new tax system allows these companies to give more money to their employees.

Walmart has invested $2.7 billion in higher wages and training for workers to lower turnover and make the shopping experience more appealing.

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