Published: Sat, January 13, 2018
Hi-Tech | By Ellis Neal

Sam's Club to close eastern Henrico store

Sam's Club to close eastern Henrico store

The majority of those companies will also likely utilize the excess cash gifted them under the new corporate tax cut to buy back shares and pay executives massive bonuses.

The locations, along with 10 other stores across the country, will close on February 3.

The Walmart official said it would too soon to know how many jobs would be eliminated with the Sam's Club closures.

The announcement came on the same day that Walmart said it is boosting its starting salary for USA workers and handing out bonuses.

The company said it will provide support and resources to affected employees.

Sam's Club CEO John Furner confirmed the closings in an email to employees.

The warehouse store's lone location in the city, at 3201 S. Louise Ave., was not one of dozens of stores abruptly closed by owner Walmart on Thursday.

"We've made a decision to right-size our fleet and better align our locations with our strategy, " Sam's Club president and CEO John Furner said.

"Hourly associates will continue receiving compensation for 60 days while they look for other opportunities in nearby clubs or Walmart stores", she said. Besides that, according to Business Insider, all of the stores slated for closure were scrubbed from the Sam's Club website this morning.

A phone message at the Worcester store said it was closed Thursday and would reopen Friday.

The statement added that closing clubs was not easy and the company is committed to working with its impacted members as well as associates through the transition.

The US retailing giant presented a bitter-sweet pill for its workforce as it also announced an increase in minimum wages. We will be closing some clubs, and we notified them today.

Hourly-paid employees will get the higher rate from next month.

The company is also boosting its paid maternity leave policy for full-time hourly workers to 10 weeks at full pay.

Although Wal-Mart's move lifts its overall starting USA wage from $10 an hour (after workers take a training course), the increase matches what's already the minimum wage in California.

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