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  1. #1
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    South West Florida (Behind friendly lines but still in Occupied Territory)

    Walmart to Shut 10 Sam's Clubs Stores, Cut 1,500 Jobs

    Walmart to Shut 10 Sam's Clubs Stores, Cut 1,500 Jobs

    Tuesday, 12 Jan 2010 10:18 AM

    Walmart 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, Calif., 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.

    Cornell said the company is trying to find jobs at other Sam's Club or Walmart locations for workers who lost their jobs. Wal-Mart owns the Sam's Club warehouse stores chain.

    Walmart Stores Inc., based in Bentonville, Ark., says it plans to disclose the financial details of the closures when it announces its fourth-quarter results on Feb. 18.

    It does not anticipate any material adverse impact on fourth-quarter profit. ... /id/346096
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  2. #2
    NotRacist's Avatar
    Join Date
    Jan 1970
    Sad to see more people lose their jobs. Not sad to see Wal-Mart take a hit.

    Wal-Mart has put more small business's out of business then? I do not know how many, but in our area it was dozens.

    I have not, and will not shop Wal-Mart.

    I dislike Wal-Mart greatly.

    "When governments fear the people there is liberty. When the people fear the government there is tyranny."

    -Thomas Jefferson

    ...because America is not for sale and our sovereignty is not negotiable!

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