Walmart boosts starting pay, closing dozens of Sam's Clubs
January 12, 2018
NEW YORK (AP) — Walmart confirmed Thursday that it is closing dozens of Sam's Club warehouse stores across the country — a move that seems sure to cost jobs — on the same day it announced that it was boosting its starting salary for U.S. workers and handing out one-time bonuses to others.
The world's largest private employer said it was closing 63 Sam's Clubs over the next week, with some shut already. A company official who spoke on condition of anonymity because he was not authorized to discuss details of the decision publicly said about 10 are being repurposed into e-commerce distr...