Walmart reveals Sam's Club closures

Sams Club

Sam's Club is closing stores. AP

The tweet came after a series of reports from local news outlets said some Sam's Club stores were closed abruptly on Thursday, with employees learning of the move as they arrived for work.

News of the closures comes on the heels of Walmart's Thursday announcement that it would raise the minimum wage of employees from $9 per hour to $11 per hour beginning February 1 in anticipation of benefits from the GOP tax bill.

"It's shocking", said Union County Freeholder Christopher Hudak, a Linden resident, adding that the Sam's Club website no longer lists the Linden store on East Linden Avenue that has been open for at least seven years.

The Sam's Club is set to close on January 26.

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United Kingdom workspace interiors manufacturer and distributor Dynamic Office Solutions expects to end the year on a high note after a significant investment in its warehouse facilities and e-commerce. Walmart hopes to find positions for displaced workers at other Sam's Club locations.

The store will reopen Friday before permanently closing in two weeks.

Customers and workers learned of the store closings the same day Walmart received praise from the Trump administration for increasing pay and giving worker bonuses due to the new cut in the corporate tax rate.

The company will look at opportunities to transfer Sam's Club employees to Walmart locations in Alaska, Garcia said.

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Not all employees at the affected stores will be out of a job. "We need to make sure we have the right mix".

Despite the loyalty it engenders from members, Sam's Club has "underperformed peers" financially, according to Oliver Chen, an analyst with Cowen.

Sam's Club employees and its customers were not given advance notice of the cutbacks.

That's small consolation to people like Dharmendra Singh, a software engineer who so liked the feeling of exclusivity he enjoyed while shopping at Sam's Club that he never used his membership at BJ's. He and other members were shocked.

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