Hide

Sam's Club closing dozens of stores; some being converted to distribution centers

Sam's Club, the membership warehouse owned by retail giant Walmart, is shutting down or converting 63 stores.  The company attributed the decision to the need to better fulfill online orders, less population growth than expected in some markets and too many competing locations.  The Sam's Club closures were confirmed the same day Walmart said it would lift the hourly minimum wage in the U.S. to $11 and give out bonuses of up to $1,000. Of the Sam's Club locations, about 50 will be going out of business for good. Roughly 10 of those locations are closing their doors as of Thursday, while the remainder will be shuttered over the next three to four weeks. More: See if your Sam's Club closing. Here's the list More: Walmart boosts minimu ...