Walmart Suddenly Shutters Numerous Sam’s Clubs without Notice, 11,000 Jobs Impacted, Chaos Breaks out on Twitter

Walmart Suddenly Shutters Numerous Sam’s Clubs without Notice, 11,000 Jobs Impacted, Chaos Breaks out on Twitter by Wolf Richter – Wolf Street

“This is how fly-by-night companies operate” 

Numerous local radio stations in various cities across the US reported that Sam’s Club is permanently closing stores in their cities, and without announcement. In a number of cases, employees showed up to work this morning and found the doors locked and a notice saying that the store would be closed.

KHOU in Houston, Texas, alerted by locked-out employees and customers, said that of the 10 stores in the area, two had voice mail messages which said that the stores are closed. It was also checking into rumors of a third store being shuttered in the Houston area.

At the other end of the nation, KTUU in Anchorage, Alaska, reported that both Sam’s Club stores in Anchorage and the store in Fairbanks were closed:

Customers of Sam’s Club noticed the Anchorage-area stores closed early Thursday, Jan. 11, with no indication as to why. Now, according to a representative of Sam’s Club, it’s not just Thursday that the stores will be shuttered.

“It’s closed today, to let associates prepare for the eventual closing of the stores,” the Sam’s Club employee told KTUU. “They will be closed for good on January 26th.”

On Twitter, @AKJeff_64 lamented, that with all stores closed in Alaska, “Nearest one is probably a couple thousand miles away.”

Jessica Buckner, an audit team lead at the Sam’s Club in the Tikahtnu Commons in Anchorage, told KTVA that all Alaska stores are closing as part of a larger downsizing. “From what I heard, there’s over 260 stores that have been closed down,” she said.

In Ohio, “at least” two stores in Cincinnati were closed “without notice,” WCPO reported. “This came as a surprise to both employees and customers.”

This erupted across the country. Rumors are swirling because there was no announcement in advance of the closures.

It seems Walmart — which imports the vast majority of its merchandise — was too busy today brown-nosing up to the White House and hogging the media limelight with its announcement that the corporate tax cuts motivated it to increase the starting wage by $2, add some benefits, and hand out one-time bonuses – from $200 for newer employees to $1,000 for an employee with 20 years’ service. Massive, OK.

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Wolf Richter

In his cynical, tongue-in-cheek manner, he muses on WOLF STREET about economic, business, and financial issues, Wall Street shenanigans, complex entanglements, and other things, debacles, and opportunities that catch his eye in the US, Europe, Japan, and occasionally China. WOLF STREET is the successor to his first platform… TP-Title-7-small-200px …whose ghastly name he finally abandoned in July 2014. Here’s the story on that. Wolf lives in San Francisco. He has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He earned his BA and MBA in Texas and his MA in Oklahoma, worked in both states for years, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. But one day, he quit and went to France for seven weeks to open himself up to new possibilities, which degenerated into a life-altering three-year journey across 100 countries on all continents, much of it overland. And it almost swallowed him up.