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Walmart Closes 10 Sam's Club Locations [announcement]
The impacted Clubs are located in Nampa, ID; La Quinta, CA; Louisville, CO; Vista, CA; Rolling Meadows, IL; Clay, NY; Irvine, CA; and one Club in the Houston, TX, Phoenix, AZ, and Sacramento, CA markets.
Approximately 1,500 Sam’s Associates will be impacted as a result of the closures. We do not make these decisions lightly, and are doing all we can to make the transition for impacted Associates as smooth as possible. In addition to providing severance pay and benefits for eligible Associates, we are working to find employment opportunities at other Sam’s Club locations or Walmart stores and will hold job fairs at each location to help Associates learn about potential openings.
The Club closures are one piece of a larger strategy focused on driving superior value, growth and improved returns. We remain committed to opening and operating the best Clubs in the warehouse industry, in the right sizes and formats, in locations that make the best use of our capital. We’re continuing to identify opportunities for growth, and increasing our investment in remodeling to improve operating productivity and efficiency.
By the end of this fiscal year, we’ll have added 6 Clubs and completed 52 remodels. In fiscal year 2011, we plan to add between five and 10 new, expanded or relocated Clubs and remodel between 60 and 80 Clubs.
We’re confident we have the right strategy in place to ensure we run a high performance business, one that is even more competitive going forward. Our dedicated and talented Associates continue to drive this strategy and our success. Thank you for all you do for our members and for each other.
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