Wal-Mart's Sam's Club to shut stores after "review"

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Employees at the New Caney Sam's Club, located at 22296 Market Place in the Valley Ranch Town Center, say they were shocked Thursday morning to learn the store was closing and they were being laid off. Police eventually rerouted traffic in the area, closing off one entrance to the College Road warehouse store.

The Sam's Club locations in Alaska - two in Anchorage and one in Fairbanks - were not showing up.

"We knew they were closing seemed like a good time to stock up had no idea it'd be insane down here, said Tom Neer, Sam's Club member".

Almost 11,000 workers will lose their jobs as a result of the closings, which coincide with celebration over the new lower corporate tax rate, which led Ivanka Trump to tweet that "America is on a roll", and prompted Treasury Secretary Steven Mnuchin ro thank Walmart from the White House briefing room.

This story will be updated.

Wal-Mart's Sam's Club to shut stores after
Wal-Mart's Sam's Club to shut stores after "review"

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. The store pays $12 an hour and offers a 401 (k) account after a staffer has worked for a year, but Rose realizes that may not be enough for many potential workers.

Employees were not informed of the closures ahead of the time, according to reports.

The store will close to the public by January 26, Walmart spokeswoman Laura Ladd Poff said, offering no details on the number of employees at the location. Some locations may reopen to sell the remaining inventory.

"They raised minimum wage", Sanders told reporters at a press briefing. Some learned they were laid off when they showed up for work. "We think that's a positive". - Sam's Club's parent company - announced it was raising its starting hourly wages from $9 to $11, giving one-time $1,000 bonuses to hourly employees and expanding its maternity and parental leave benefits. Lots of things are going on in the economy, and we appreciate what Walmart is doing.

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