Walmart closes 63 Sam's Clubs after announcing bonuses attributed to tax cuts

Source: Washington Examiner | January 11, 2018 | Melissa Quinn

Walmart is shuttering 63 Sam’s Club stores around the country, an announcement that came shortly after the company said it would be rewarding its employees with up to $1,000 in bonuses because of the new tax cuts that were just signed into law.

Some of the stores were closed Thursday, including several in the Houston area, and employees were not told of Walmart’s decision until they arrived to work to find several stores hadn’t been opened, according to Business Insider.

Sam’s Club is owned by Walmart.

“After a thorough review of our existing portfolio, we’ve decided to close a series of clubs and better align our locations with our strategy. Closing clubs is never easy and we’re committed to working with impacted members and associates through this transition,” Sam’s Club said on Twitter.

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  •  ConservativeGranny #20895

    I’ll bet Trump won’t be taking credit for this one.

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