The Other Side of the Walmart Wage Hike - Some Sam's Club Stores Closing

[Norbert]

Locations in Indianapolis, Syracuse, Cincinnati, New Jersey and Louisiana are closing apparently permanently.

https://www.theindychannel.com/news/local-news/indianapolis/sams-club-closing-some-indianapolis-area-locations
http://www.wafb.com/story/37244559/sams-club-announces-permanent-closure-at-location-near-mall-at-cortana
http://www.syracuse.com/state/index.ssf/2018/01/sams_club_closing_list.html
https://patch.com/new-jersey/longvalley/sams-club-mount-olive-closes-its-doors
https://www.wcpo.com/money/consumer/sams-club-in-oakley-and-loveland-permanently-close

[ProudMNDemocrat]

1. All the more reason to be a Costco member.......

Since ours opened up, that is where I do a majority of my shopping. Great pricing , excellent quality of Meats, great customer service, good business model, and where my husband works part time as a demonstrator.

[TexasProgresive]

2. Only way we will get a Costco would be for Sams to close.

[ProudMNDemocrat]

7. There are 2 Sam's Clubs where I live......

And our Costco outdoes them both. A Costco would provide options.

[TexasProgresive]

9. Evidently Costco has decided we are too Smalls market

How big is your area. We are about 200,000.

[ProudMNDemocrat]

14. About the same numbers .......

Olmsted Country and surrounding towns outside of over 200,000 people. Rochester has close to 120,000 alone.

[Windy City Charlie]

3. They knew all along....

what they were up to when they announced the wage increase this morning. Get people talking about that and taking the eye off the ball while they're closing all of these Sam's Clubs!

When it's all said and done, by the time all these Sam's Clubs employees lose their jobs, not to mention how many people will see their hours cut.... Wal Mart will most likely be paying out even less in wages as a whole in the future. They'll be pocketing even more of that tax cut money, instead of doling it out like they tried to make it sound this morning.

[Grammy23]

13. Yep. Like folks wont catch on that the Sams Club in their community

just locked it’s doors and left the employees out in the cold. Somehow, I think word about that just might slip out.

They must really think we are stupid.

[mythology]

4. Is there some indication these are related?

If the stores weren't profitable, they weren't profitable.

[Windy City Charlie]

5. Seems like....

They used the wage hikes as positive spin for Trump and the GOP tax bill for their lemmings to eat up, when the WalMart corporation knew they were going to close these stores. Goes to show the Tax Bill isn't going to magically make America great again like some are trying to frame it.

[Norbert]

6. Here is somewhat of an explanation...

plus a little more comprehensive list of stores closing.

http://www.businessinsider.com/walmart-suddenly-closes-sams-club-stores-2018-1

[ProudMNDemocrat]

8. In St. Louis Park, MN......

There is a huge Costco I have been to a few times with my daughter that seemed always packed with people.

[TexasProgresive]

10. Thanks 4 in Texas not ours yet

[WhiskeyGrinder]

11. So are you saying that wage hikes make businesses fail?

[spanone]

12. 260 closings with an average of 175 employees each

they're doing it on the backs of their own employees


https://www.cbsnews.com/news/sams-club-closings-take-place-nationwide/

[Sunlei]

15. a lot of their bulk products, like 100 pack of frozen bread dough are sold online now.

just started to ramp-up online 'bulk' sales a couple months ago. It must be much less expensive for a business to not have to worry about a building, parking lots and managing a stores minimum wage employees.

Corporations can train & lease prisoners to create the products, pack and ship right from those locations. They don't even have to pay prisoners any wages or benefits.