Walmart Raises Wages in Midst of Tax Overhaul

Walmart Closing 63 Sam’s Clubs Turning 12 into Ecommerce Fulfillment Centers	
							Daniela Forte
	Content Manager

Sixty-three Sam's Club Stores are closing across the country, including the location in Moorhead.

Security Guards were stationed outside the doors of the Sam's Club in Tikahtnu Commons as member after member stopped by to shop, only to be turned away.

Walmart, on the other hand, sells about 20 times as many different goods to a customer base that is on average much poorer, and shops primarily on price.

We've reached out to Walmart representatives for comment and more specifics, but messages have not been returned.

Sam's Club, while operating more stores than rival Costco - 650 vs. 518 - has been losing ground to its more successful rival for several years.

The company also said via Twitter that pharmacies at Sam's Club locations will remain open for "at least two weeks" while the company works to transfer subscriptions and contact customers.

"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", Sam's Club wrote on Twitter.

They added that it's never easy to close stores and they'll be working with those impacted.

Sam's Club, a membership warehouse, is owned by retail giant Walmart.

Sam's Club CEO John Furner notified employees of the closures in a company-wide email sent out on Thursday, Business Insider reported. The refund can be issued in the form of a check or a Walmart gift card.

American retailer Walmart has raised its starting hourly wage from $10 to $11 and vowed to deliver bonuses of up to $1,000 to employees in wake of the United States tax overhaul.

Wal-Mart plans to share part of its savings under the new tax law with its employees.

"On Thursday, Treasury Secretary Steven Mnuchin praised Walmart's wage hike during a White House briefing".

Nearly right away after Walmart's announcement, however, critics pointed out that the tax law may not be the real-or only-reason for the worker raises. The decision essentially increases wages for anyone making below $11.00 an hour - but anyone already making above that, the union argues, might not see anything except the bonus. And if that didn't put enough heat on Walmart, Target also said it plans to pay workers a minimum of $15 by 2020.

Many said they found out through social media before even arriving at work and were simply trying to process the fact they're now going to be searching for a new job.

Sam's Club, the warehouse chain owned by Wal-Mart Stores Inc., said it will close around 10% of its 660 USA stores over the next few weeks, the latest retailer to shrink its footprint as Americans shift more spending online.

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