Walmart's chain of warehouse-style membership clubs is the bringer of more bad news. Reports say that the company is letting go of more than 11,000 workers around the country.The measure follows an announcement that Walmart will close 10 Sam's Clubs across the country that are loosing money. No further closures were announced. The retailer calls the job losses a "cost-cutting move" that will build warehouse membership and could boost sales. Sam's Club sales are consistently outperformed lately by rivals Costco Wholesale and BJ's Wholesale.Will we see more closures ahead?ALSO: Target's Urban and International Plans Are Great, But Late
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