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

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

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