Montana Sam's Club stores spared amid wave of closures for company

Doris Richards
January 13, 2018

"It just shows you the growth in the Sam's e-commerce business", Hatfield said. Speaking to CNN, Walmart spokesperson Greg Hitt estimated that 9,450 people were employed at those 63 locations.

"After a thorough review of our existing portfolio, we've chose to close a series of clubs and better align our locations with our strategy". The retailer declined to say how many jobs would be cut but the closures could affect up to about 11,000 jobs as part of the closings.

"This is about the evolution of retail", said Michael Mandel, chief economic strategist at the Progressive Policy Institute.

Not all employees at the affected stores will be out of a job.

"They raised minimum wage", Sanders told reporters at a press briefing. "The labor market is tight and getting tighter". "They are increasing salaries to over a million American workers".

Laurie Rose, owners of Olde Naples Chocolate usually has six workers during the winter months, the busy season in the resort city of Naples, Florida.

"Right now that's what the customer wants", she said.

The store is expected to close on January 26th. Walmart reported fiscal year 2017 revenue of $485.9 billion.

Full-time and part-time employees who have been with Walmart for 20-plus years qualify for a one-time bonus of $1,000.

After the passage of the tax bill, AT&T also promised thousand-dollar bonuses to employees and later announced it would lay off over 1,000 workers in 2018.

Almost 11,000 workers will lose their jobs as a result of the closings, which coincide with celebration over the new lower corporate tax rate, which led Ivanka Trump to tweet that "America is on a roll", and prompted Treasury Secretary Steven Mnuchin ro thank Walmart from the White House briefing room. White House spokeswoman Sarah Huckabee Sanders later said she would not comment on the Sam's Club closings but that the wage increases were a sign that the tax measures "are having the impact that we had hoped".

Other reports by Iphone Fresh

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