BJ's Announces Membership Offer for Sam's Club Members

Ivan Schwartz
January 13, 2018

Walmart is closing dozens of Sam's Club stores, but none are in the metro-east or St. Louis.

Other stores in New York, Arizona, Indiana and North Carolina are also reportedly being closed.

According to a letter sent from Sam's Club to the Connecticut Department of Labor, the business's location is located at 2 Boston Post Road will close to the public on January 26.

Elsewhere, a Memphis Sam's Club location closed its doors in an announcement made to employees Thursday morning.

More: See if your Sam's Club closing.

The company tweeted that the company reviewed their portfolio and closing clubs, which is what they call stores, to "better align our locations with our strategy". "We know this is hard news for our associates and we are working to place as many of them as possible at nearby locations".

Messages to Walmart's corporate media office went unanswered today, and the manager of the Cortana Sam's Club also did not respond to messages.

WQAD News 8 is working to get in touch with Moline's planning and development director about the situation.

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And how much richer will Walmart be in light of the new tax law the company is crediting as the big reason for raises and bonuses for workers?

Walmart, the nation's largest private employer, said it would record a 14-cent-per-share charge to its earnings as a result of the changes.

News of the Sam's Club closures came on the same day that Wal-Mart announced it was raising its starting wage rate for hourly employees in the United States to $11, expanding maternity/parental leave benefits and paying out one-time cash bonuses of up to $1,000 for eligible employees.

Sam's Club, while operating more stores than rival Costco - 650 vs. 518 - has been losing ground to its more successful rival for several years.

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

The new maternity-leave policy will not apply to part-time workers, who make up a significant percentage of the company's hourly work force.

Further, employees who have worked with the company for an extended period of time will receive bonuses, with those who have worked there for over 20 years receiving a one-time $1,000 bonus. Walmart said those being laid off at Sam's Club will still receive a bonus. Before, full-time hourly workers received 50 percent of their pay for leave.

Walmart is now the world's largest company by revenue and the largest private employer in the world, with 2.3 million employees.

Other reports by GizPress

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