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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: 40730
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
Moderator
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Registered: 09/09/11
Posts: 15683
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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Loc: Puget Sound, WA


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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
veteran

Registered: 02/27/06
Posts: 7274
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 - Yesterday at 04:54 AM Re: WalMart closing 63 Sam's Club [Re: pdx rick]
Jeffery J. Haas Offline


Pooh-Bah

Registered: 08/03/04
Posts: 12894
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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