Sams Club stores closing, none locally

Sams Club stores closing, none locally

"Transforming our business means managing our real estate portfolio and Walmart needs a strong fleet of Sam's Clubs that are fit for the future", said John Furner, president and CEO of Sam's Club, in a press release.

Sam's Club has confirmed the company will close a "series of clubs", but it's still unclear which stores will be closing. The only other Florida store on that list was in the town of Fern Park, near Altamonte Springs.

On Thursday, a notice was posted on the front door stating the store would be closed Thursday and reopen Friday.

Sam's Club, replying to a message from a Twitter user criticizing the chain, says it chose to close a series of clubs to "better align our locations with our strategy".

Members of the closing clubs will be able to change their memberships to another location or cancel their membership, according to the company's Twitter account.

As of October, there were 660 Sam's Club locations in the U.S. Walmart had closed just five Sam's Clubs since 2013 before this week, according to the company's earnings reports.

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Yes, the Sam's Club in Sioux Falls is still open for business. The first Sam's Club, founded by Sam Walton, opened on April 7, 1983, in Midwest, Okla. Some employees said they were not informed of the closures up until the moment they showed up to work today.

"Sam's Club contracted a private security company who stationed an officer outside the store to inform the public of its closure".

The closures come on the same day that Walmart announced it was raising its minimum wage to $11 per hour. "We will be closing some clubs, and we notified them today".

About 10 of the closed stores will be repurposed into e-commerce distribution sites. Employees will remain employed at the store through mid-April and may be eligible for severance pay.

This is a developing story.

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