Walmart's chain of warehouse-style membership clubs is thebringer of more bad news. Reports say that thecompany is letting go of more than 11,000 workers around thecountry.The measure follows an announcement thatWalmart will close 10 Sam's Clubs across the country that areloosing 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'sClub sales are consistently outperformed lately by rivals CostcoWholesale and BJ's Wholesale.Will we see more closuresahead?ALSO:Target's Urban and International Plans Are Great, ButLate

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.