Wal-Mart to close 10 Sam's Clubs stores in U.S.

[TwixVoy]

Source: USA Today

BENTONVILLE, Ark. (AP) — Wal-Mart said Monday it will close 10 money-losing Sam's Club stores and cut 1,500 jobs to reduce costs.
The stores will close Jan. 22. They are in Nampa, Idaho; La Quinta, Calif.; Louisville, Colo.; Vista, Calif.; Rolling Meadows, Ill.; Clay, N.Y.; and Irvine, Calif. The cities of Houston, Phoenix and Sacramento, will each lose one store.

"Despite the outstanding efforts of our associates, these clubs continued to lose money and we have decided to close them," Sam's Club CEO Brian Cornell said in a statement.

Read more: http://www.usatoday.com/money/industries/retail/2010-01-11-sams-club-closing-in-some-cities_N.htm?csp=34

---

Loss of 1500 jobs according to the article. Shit you know it is getting bad for the consumer when Wal-mart starts to shut stores down.

[Wilms]

1. Now that they sucked the towns dry do they replace the mom&pops they destroyed?

:grr:

Buy American or save the money in a Credit Union!

[alp227]

2. Bye bye greedy Wal-Marts, hello small businesses?

Didn't a lot of Wal-Marts often bulldoze locally-owned small businesses and rob jobs too?

[Sherman A1]

4. I think it will be more like

hello empty big box to these communities along with the loss of jobs and loss of tax revenue. The Mom & Pops that Wally World/Sams ran over are gone and probably will not come back, to these areas.

So the communities are screwed and screwed again.

[no_hypocrisy]

9. Mom & Pop Stores can't come back without capital. Banks aren't lending now

because money is being traded between Wall Street banks and because commercial banks are petrified of any loss.

[cayanne]

3. March on Costco nt

[winyanstaz]

5. I hope wall mart crashes and burns and shuts down everywhere..

Maybe then we can have small businesses again.

[DeSwiss]

6. K&R

- So are they taking their damn boxes back to Bentonville, Ark. too???

[InkAddict]

11. Communities will need these big boxes for shelters and re-education

(warm and cheerful slavery) very soon.

[No Elephants]

7. No tears for WalMart, but I feel bad for anyone losing a job when no one is hiring, especially

those who have been marginally compensated, even while working full time. My heart goes out to them and their families and also to every small business that will lose money when these out of work Wally employees can no longer affort to hit the coffee shop or whatever.

Buy American.

[Sen. Walter Sobchak]

8. The one in Irvine is in a stupid location,

And if I were cutting back I think a membership to shop would be pretty high on my list.

[marshall]

10. I went to a Sam's Club on Xmas eve and it was deplorable!

It was filthy, service was poor, selection of merchandise was bad. And they didn't have any of the usual free food samples.

I'm changing my affiliation to Costco.

[DainBramaged]

12. Over-saturated retail, the economy, competition from Costco, flooding areas with WalMarts

all contribute to the loos of retail jobs, and WalMart is guilty of doing what they do best, abandoning locations that are marginally profitable before the tax bill and perks given to them to originally open run out.


Fucking scum, What's worse is not transferring associates to other locations.


Fucking scumbags. Some of the richest fucks in the world, the Walton's of Walmart

[TexasObserver]

13. Recommend