The Latest: Walmart Closing More Than 60 Sam's Club Stores

NEW YORK (AP) — The Latest on Walmart's decision to boost starting salaries for U.S. workers while also closing dozens of Sam's Club stores around the country.

A Walmart official says the company is closing 63 Sam's Club stores across the country. About 10 of those stores will be repurposed into e-commerce distribution sites.

The official said at least eight stores closed Thursday and the rest would shutter in the coming weeks. The official spoke on condition of anonymity because he was not authorized to discuss details of the decision publicly.

- Sponsors -

The closures came on the same day that Walmart announced it would boost its starting salary for U.S. workers to $11 an hour and hand out one-time cash bonuses.

The Walmart official said it would too soon to know how many jobs would be eliminated with the Sam's Club closures. He said some employees would be re-hired at other Walmart locations or at the newly created e-commerce distribution sites.

Walmart is boosting its starting salary for U.S. workers to $11 an hour, giving a one-time $1,000 cash bonus to eligible employees and expanding its maternity and parental leave benefits.

- Partner Content -

Entergy’s Energy Smart Program Brings Cost Conscious Innovation to New Orleans

Offering comprehensive energy efficiency at no cost to the consumer, Entergy’s Energy Smart program incentivizes Entergy New Orleans customers to perform energy-saving upgrades in...

The retailer said Thursday changes that to its compensation and benefits policy will impact more than a million hourly workers in the U.S., with the wage increase effective next month.

The company is also creating a new benefit to assist employees with adoption expenses.

Digital Sponsors / Become a Sponsor

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter