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#305032 - 01/12/18 05:58 PM WalMart closing 63 Sam's Club
pdx rick Offline
Member
Carpal Tunnel

Registered: 05/09/05
Posts: 40771
Loc: Puget Sound, WA
Quote:
The company attributed the decision to the need to better fulfill online orders, less population growth than expected in some markets and too many competing locations.

The Sam's Club closures were confirmed the same day Walmart said it would lift the hourly minimum wage in the U.S. to $11 and give out bonuses of up to $1,000.

USA Today

Sixteen of those Sam's Clubs are in cities or areas where there is a Costco Business Center - a separate business division from Costco Wholesale. Costco only has 16 Business Centers and 518 warehouses in the United States.

Costco does weekly comparison shopping of Sam's, Target, and Walmart and adjust prices in those areas of like or similar products to remain competitive. it's always a penny less than the competitor. Only prices at these warehouses or business centers are adjusted where the local Sam's, Target, or Walmart is lower. Else, the rest of the warehouses or business centers in the region remain at the Costco price whose margin is always no more that 13.9% of what Costco paid for the goods.

Costco's starting pay is $13/hr and their bonuses are $2,500 every six months.
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#305037 - 01/12/18 06:25 PM Re: WalMart closing 63 Sam's Club [Re: pdx rick]
NW Ponderer Offline
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Registered: 09/09/11
Posts: 15756
Well, Walmart has to pay for its grandstanding, so... To give bonuses and raises to its employees to stroke the ego of the President, it needs to reduce its workforce. No sense using its enormous profits to benefit its employees! Get real!
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#305048 - 01/13/18 06:06 AM Re: WalMart closing 63 Sam's Club [Re: pdx rick]
pdx rick Offline
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#305122 - 01/16/18 03:34 AM Re: WalMart closing 63 Sam's Club [Re: pdx rick]
pondering_it_all Offline
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Registered: 02/27/06
Posts: 7397
Loc: North San Diego County
Good. Fewer WalMart employees means fewer people we need to subsidize with food stamps and free health care. Maybe they'll get jobs that provide health care and enough money to feed their families!

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#305142 - 01/17/18 04:54 AM Re: WalMart closing 63 Sam's Club [Re: pdx rick]
Jeffery J. Haas Offline


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Registered: 08/03/04
Posts: 12987
Loc: Whittier, California
Oh I agree, I just want folks to point out that WM was dining on the fact that the Trump tax cuts triggered some kind of tsunami of trickle down morsels, when in reality it was all a bait and switch.
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#305191 - 01/20/18 01:22 AM Re: WalMart closing 63 Sam's Club [Re: pondering_it_all]
pdx rick Offline
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Registered: 05/09/05
Posts: 40771
Loc: Puget Sound, WA
Originally Posted By: pondering_it_all
Good. Fewer WalMart employees means fewer people we need to subsidize with food stamps and free health care. Maybe they'll get jobs that provide health care and enough money to feed their families!

They'd have to go to Costco and get a job for all of that... coffee
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#305192 - 01/20/18 01:25 AM Re: WalMart closing 63 Sam's Club [Re: pdx rick]
pdx rick Offline
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Registered: 05/09/05
Posts: 40771
Loc: Puget Sound, WA
Originally Posted By: pdx rick



It turns out that the "$1,000 bonus" for employees at Walmart are for employees who have been there 20 years or more.

The other Walmart employees will receive a bonus for less than $200.00

Costco doesn't treat their employees that way. Just saying. smile
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