Walmart to close Sam's Club stores

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"It's our people who make the difference and we appreciate how they work hard to make every day easier for busy families".

Reports indicate that customers and employees arrived at some locations to find doors at the massive retailer to be locked. And in his note, Furner confirmed that the first of the stores to transition into a distribution center will be in Memphis.

A call to the store is answered by this message: "This location is closed effective January 11", adding that shoppers are welcome to visit other locations throughout the state.

In a legally required Worker Adjustment and Retraining Notification (WARN Notice) sent to the City of Syracuse, Sam's Club said 151 employees had been employed at the store at 2649 Erie Blvd. E.

Walmart owns and operates the clubs and closed its store off South Willow Street in Manchester last August.

"It's allowing them to focus on things that are working", Simon said on "Closing Bell". There are four Sam's Club stores located in the Austin area.

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Walmart has announced it is raising its starting hourly wage from $9 to $11 and Sam's Club is set to close a series of clubs across the United States.

All the employees will have the opportunity to apply for open positions at Sam's Clubs or Walmart facilities, according to the company.

BJ's Wholesale Club said in a statement that it has received "numerous inquiries from Sam's Club employees" since the news of the shutdowns were announced, adding that it is accepting resumes. Walmart said the one-time bonuses would cost the company $400 million and will be based on length of service.

The company is also boosting its paid maternity leave policy for full-time hourly workers to 10 weeks at full pay. Salaries workers would also receive six weeks of paid parental leave.

The company said it is giving employees a portion of the savings it will see under recently passed tax reforms.

The minimum wage increase comes about a year after Walmart hiked hourly pay to at least $10 for most workers.

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