Walmart is abruptly closing 63 Sam's Club stores and laying off thousands of workers

[pcgeek11]

So Trump made them over build.

"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," Furner said in the email. "We will be closing some clubs, and we notified them today. We'll convert some of them into eCommerce fulfillment centers — to better serve the growing number of members shopping with us online and continue scaling the SamsClub.com business."


So they will be re-using some as distribution centers.

 

[interchange]

If Trump can take credit for job creation that had nothing to do with him, is it fair for him to take the blame for job loss?

 

[Thebobo]

Between the tax breaks, cutting employees and closing locations. They will be swimming in money. I wonder what they should do with it all.

Well close more stores of course.

 

[Puffnstuff]

So Trump made them over build.

"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," Furner said in the email. "We will be closing some clubs, and we notified them today. We'll convert some of them into eCommerce fulfillment centers — to better serve the growing number of members shopping with us online and continue scaling the SamsClub.com business."


So they will be re-using some as distribution centers.

If you follow Walmart they do this on a frequent basis and each year they close and open facilities.

 

[jpeyton]

Remember folks, the Walton family couldn't afford raising their starting wages to $11/hour and providing some bonuses before the latest tax cut.

Prior to that tax cut, they had only accumulated a measly $145 billion in wealth. But with the new lower tax rate, they can now afford to pay their employees a whopping $22,000/year.

 

[FeuerFrei]

They closed a bunch of Neighborhood Market-class stores around here a year ago. Sold them to Brookshires, IIRC. Guess people weren't into a tiny form-factor Walmart.

 

[Jhhnn]

Between the tax breaks, cutting employees and closing locations. They will be swimming in money. I wonder what they should do with it all.

Put it into the fractional reserve banking system, lower lending standards & securitize the debt right into your retirement plan, silly. When people can't pay & it all goes to Hell, get liquid & stay that way until it bottoms out & bargains abound.

 

[MtnMan]

Walmart has 20 year employees? Thought the longest turn over/burn out rate was about eight years with most floor people considered as part time/on call even if they work over 40 hours a week. I think in the last ten years our local Walmart has gone through 3 managers with maybe three people there from the start.

I would guess that some of the employee's at my local Sam's have been there 15 - 20 years.

 

[Jhhnn]

I would guess that some of the employee's at my local Sam's have been there 15 - 20 years.

Same here.

 

[1sikbITCH]

Wow, a business is closing under-performing locations and streamlining their operations? That's never happened before in the history of the world, yep, Trump's fault.

The fault lies in Trump's promises and lies to the American worker. Donald Trump visited hundreds of towns and cities during his campaign and promised to save their jobs and MAGA! He shoved Carrier down our throats promising it was just the beginning. Instead, Carrier is laying off and automating, and the largest employer in America just fired many thousands of us. This would normally evoke a "Thanks Obama" from the conservatives but you can't say that today. Only one racist idiot to blame.

 

[woolfe9998]

What, you're saying that corporations are obligated to carry money losing locations to the detriment of their other profitable locations and that jobs will be saved by propping up dogshit stores while the rest go bankrupt?

Welcome to the real world delusional fucktard. B&M is a dying market segment and Wal-Mart is doing what's necessary to survive. Were Sears and K-Mart failing somehow related to Trumo's tax policy or did that start before Donnie? Take your time, don't hurt yourself trying to answer.

You realize you have been tearing down a straw man this entire thread. No one is criticizing Walmart for shutting down under performing stores. People are criticizing Trump for saying jobs gained in one place are due to his tax policy and not even addressing where jobs are being lost elsewhere. Most of these comments have to do with tax policy, not whatever it is you think people are talking about.

 

[1sikbITCH]

If you follow Walmart they do this on a frequent basis and each year they close and open facilities.

If I followed Walmart I would puke.

Today Walmart announced pay raises for all their employees thanks to the new tax plan.
https://www.vox.com/2018/1/11/16879634/walmart-wage-hike-republican-tax-plan

Today Walmart fired (without warning) thousands of Americans. Folks showed up at work and found the doors locked. Walmart is the embodiment of the Capitalist Pig. Fuck Walmart.

 

[MtnMan]

If I followed Walmart I would puke.

Today Walmart announced pay raises for all their employees thanks to the new tax plan.
https://www.vox.com/2018/1/11/16879634/walmart-wage-hike-republican-tax-plan

Today Walmart fired (without warning) thousands of Americans. Folks showed up at work and found the doors locked. Walmart is the embodiment of the Capitalist Pig. Fuck Walmart.

So name a corporation that hasn't fired without notice. Yea, there are a few, but that is because of the union contract.

 

[Herr Kutz]

True!
And over on the news channels, the administration stands up there linking the proposed promise of employee pay hikes to Trump tax policy. But refuse to link Walmart layoffs and closings to Trump tax policy.
Pick n chose your triumphs. (As it were...)

The first scenario in your message can indeed be attributed to it as it was confirmed directly by Walmart.

Please explain how closing stores can be attributed to this tax policy.

 

[theeedude]

Companies from low value add states like Arkansas can't compete with those from high value add states like Washington in the modern economy.

 

[ivwshane]

You realize that they have millions of employees right?

Yeah I'm aware of that. I have no idea what your point is but thanks for stating common knowledge.

 

[ivwshane]

What, you're saying that corporations are obligated to carry money losing locations to the detriment of their other profitable locations and that jobs will be saved by propping up dogshit stores while the rest go bankrupt?

Welcome to the real world delusional fucktard. B&M is a dying market segment and Wal-Mart is doing what's necessary to survive. Were Sears and K-Mart failing somehow related to Trumo's tax policy or did that start before Donnie? Take your time, don't hurt yourself trying to answer.

No that's not what I was saying. I didn't think an idiot like you would get it though. Stick to your "simple math" because I'm sure you'd get overwhelmed with reality.

 

[ivwshane]

The first scenario in your message can indeed be attributed to it as it was confirmed directly by Walmart.

Please explain how closing stores can be attributed to this tax policy.

The tax policy has nothing to do with store closings nor does it have anything to do with store openings. Idiots, like the water boys here though, cheer on useless tax cuts that were specifically done in the name of creating jobs do not understand this.

 

[Jhhnn]

What I object to is the cruel deception that trickledown offshoring, automation & consolidation will somehow magically create more jobs than it destroys. Shee-it, Sherlock- the reason they do it is to employ fewer Americans, not more.

 

[imported_tajmahal]

https://forums.anandtech.com/threads/please-read-your-enlightened-cooperation-is-required.2508623/

 

[highland145]

I agree, typical business move that has nothing to do with our President but I hate how shady companies can be - Not notifying employees and just locking the doors and leaving a notice???

Really?

 

[Puffnstuff]

If Walmart chained the doors without giving anything less than 60 days notice they have to pay the employees full wages and benefits for that period under the WARN Act.

https://www.dol.gov/general/topic/termination/plantclosings

 

[realibrad]

Yeah I'm aware of that. I have no idea what your point is but thanks for stating common knowledge.

Sorry, I figured it was so simple that you would realize the logical conclusion, but ill explain.

See, Walmart is cutting about 10% of the jobs from Sam's, not all of Walmart, just Sam's. From the articles I have read its about 10,000 jobs. Now, not all of those jobs were making $10/hr and will be just fine finding a new job. Thus the real issue is the lower wage workers that were just getting by. Now, on top of raising their lower wage to $11/hr, they are also increasing other benefits which cost real money. So, those 10k jobs are having those wages spread across far more than 100k people, meaning Walmart is actually spending more money on its new system than what was lost. This is the very foundation of what the Left has wanted by instituting "living wages", and yet here you are being unhappy. So even though many more people are going to have more money, you are unhappy.

 

[ivwshane]

Sorry, I figured it was so simple that you would realize the logical conclusion, but ill explain.

See, Walmart is cutting about 10% of the jobs from Sam's, not all of Walmart, just Sam's. From the articles I have read its about 10,000 jobs. Now, not all of those jobs were making $10/hr and will be just fine finding a new job. Thus the real issue is the lower wage workers that were just getting by. Now, on top of raising their lower wage to $11/hr, they are also increasing other benefits which cost real money. So, those 10k jobs are having those wages spread across far more than 100k people, meaning Walmart is actually spending more money on its new system than what was lost. This is the very foundation of what the Left has wanted by instituting "living wages", and yet here you are being unhappy. So even though many more people are going to have more money, you are unhappy.

Yes the people get peanuts while WalMart receive billions in tax cuts while still relying on tax dollars from the American people to help pay for some of their employees.

Its a bad deal, is that a hard concept for you to understand?

 

[realibrad]

Yes the people get peanuts while WalMart receive billions in tax cuts while still relying on tax dollars from the American people to help pay for some of their employees.

Its a bad deal, is that a hard concept for you to understand?

A bad deal in what way? If you don't like the wages Walmart gives out then fine, but how is Walmart obligated to employ people? Walmart did not make this move because of the tax cuts. I'm sure people will try and link them, but its still wrong. Walmart did this because of many other reasons. That said, if you disagree with something I have said point it where and explain yourself. I think is fairly telling that your reply is to not address what I have said.