Sam's Club in Dover spared amid nationwide closings

At least 12 of the stores will be converted into e-commerce fulfillment centers for Walmart the first of which will be located in Memphis Tenn

Sam's Club in Dover spared amid nationwide closings

Walmart has announced plans to increase the company's compensation for its instore associates as it reaps financial rewards from recent changes in tax law.

"Many of us depend on this Sam's, for many of our goods and supplies", said Juan.

Lantana Mayor David Stewart said he received notification this week that the store would close on January 26 and that 191 workers would be affected.

Nearly right away after Walmart's announcement, however, critics pointed out that the tax law may not be the real-or only-reason for the worker raises.

"They raised the minimum wage because they have to", Mark Zandi, chief economist at Moody's Analytics, said.

The company noted that new tax laws will create financial benefit for the company and will allow the company to offer incentives to its employees. But experts are more doubtful that there's a connection.

Rising wages reflect a generally tight labor market.

The 63 stores closing were falling behind in sales, according to Walmart.

Some of these locations will be reconfigured into e-commerce distribution centers, but altogether over 10,000 Sam's Club workers could be impacted by the closures.

More news: Trump says it's 'unlikely' he'd speak with Special Counsel Mueller

The company did not immediately respond to requests for comment on the closures.

But the glow of that announcement faded just hours later, when the Sam's Club closings were revealed not by an announcement from Walmart but rather through social media posts from confused and increasingly irate customers and employees.

The retail giant said the pay raises would take effect February 17 and the bonuses paid sometime after this month. Anyone who has worked there over five years will receive at least a $300 bonus.

"When I first got here the line was all the way to the back of the store", said shopper, Jim Rounds.

"There's obviously a lot of people out there who still want to shop with them and buy from them", Crutchfield said.

But like those other companies, devastating cuts are going to be made as well. Sign up for our daily newsletters here.

Employers must give workers 60 days notice before closing a plant or issuing mass layoffs, according to the Worker Adjustment and Retraining Notification Act.

He also says the city is very open to working with developers to fill the empty space.

Walmart has invested $2.7 billion in higher wages and training for workers to lower turnover and make the shopping experience more appealing.

Últimas noticias