Sam's Club in Goshen to permanently close

Wal-Mart to Increase Starting Wages to $11

Sam's Club closings are happening this year as Wal-Mart Stores Inc (NYSE:WMT) said that the company is shuttering the doors of 63 of its locations.

A Twitter message issued under a Sam's Club icon Thursday morning stated the following: "After a thorough review of our existing portfolio, we've made a decision to close a series of clubs and better align our locations with our strategy".

Customers discovered this sign at the Sam's Club in Orange on Thursday.

The Baton Rouge location is the only reported closure in Louisiana, and the Siegen Lane Sam's Club will remain open, according to employees, who had a planned meeting about the move today.

"We offer our sympathies to our residents who were laid off by this abrupt and unexpected closing", said Union County Freeholder Chairman Sergio Granados and county Freeholder Christopher Hudak, a resident of Linden, in a joint statement.

Sam's Club says their customers will be refunded their 45 dollar annual membership fee.

Bonus Bucks       Wal Mart is paying an escalating one-time cash bonus to employees depending on seniority              Source Wal Mart
Bonus Bucks Wal Mart is paying an escalating one-time cash bonus to employees depending on seniority Source Wal Mart

Thirty-nine stores called by CNNMoney had recorded messages saying the store was closed Thursday but would reopen Friday.

Also Thursday, - the owner and operator of Sam's Club - announced it would raise minimum pay to $11 per hour and give employees one-time bonuses of $1,000.

"I'm hoping that it will be the same kind of situation for Sam's", she said. Fox 13 in Memphis said its local store has permanently shut its doors, and that employees only learned of that Thursday. "From what I heard, there's over 260 stores that have been closed down", she said.

The chain, which competes with Costco (COST), has more than 650 locations employing more than 100,000 people, with an average of 175 employees per store, according to the company.

When asked about the workers who will lose their jobs as a result of the Sam's Club closures, however, Mnuchin responded: "Different companies will do different things".

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