(KWTX) Walmart is closing 63 Sam’s Club stores around the country in an effort to “right size our fleet,” Sam’s Club CEO John Furner said in an email to affected employees Thursday.
Central Texas Sam’s Clubs aren’t among those scheduled to close, but stores in Houston, New Caney and San Antonio are.
Transforming our business means managing our real estate portfolio,” Furner said in the email to employees.
“We need a strong fleet of clubs that are fit for the future. After a thorough review, it became clear we had built clubs in some locations that impacted other clubs, and where population had not grown as anticipated,” he said.
“We've decided to right-size our fleet and better align our locations with our strategy.”
At least eight of the stores were closed Thursday and others will be shuttered in the coming weeks, according an official who spoke to The Associated Press on the condition of anonymity.
About 10 of the affected stores will be transformed into e-commerce distribution sites, the company said.
The announcement came on the same day that Walmart announced it planned to boost starting salaries for U.S. workers to $11 an hour, give eligible employees one-time $1,000 cash bonuses, and expand maternity and parental leave benefits.