Walmart (WMT) on Thursday abruptly closed 63 Sam's Club locations at the same time it gave other workers a raise to $11 an hour. Some locations are closed already, according to reports, with Walmart planning to convert a dozen of them into online fulfillment centers, the company said. ...
At an October meeting with investors, Sam's Club CEO John Furner said the retailer needed to improve its "competitive position" as same-store sales growth started to stall into the first half of fiscal 2018. Those efforts would include better targeting households that make between $75,000 to ...