Sams Club Closing 50+ stores

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Happy New Year!

Not a shocker if you follow corporate retail, Walmart does not hesitate to attempt to keep up with the fast changing market place (they also cut 150+ stores in 2016 I think...Walmart express gone....)

Walmart to shutter 63 Sam's Club locations

 

[deleted462159]

Any idea if Walmart is still opening more "Walmart Neighborhood Markets?"

 

[Charcoales]

This, plus cvs and walg stock are down. Along with standard oversupply. Is the Amazon panic justified yet?

 

[josh6718]

This, plus cvs and walg stock are down. Along with standard oversupply. Is the Amazon panic justified yet?

CVS is down because they spend a LOT of cash/money buying Aetna and likely won't be able to sustain any substantial dividend increases. Walgreen's similarly related with their purchase of their Rite Aid.

 

[mydogatemysuboxone27]

I thought it was interesting that Walmart first announced they will be raising the minimum wage and giving bonuses, and THEN announces they were closing down Sam's Club stores.

 

[Sine Cura]

I'm surprised Walmart didn't announce any more NHM or SC closings. I'm pretty sure at least some of those are closing but they weren't announced.

If you are at an affected Sam's as an RXM I wonder how you have that conversation when the Sam's Clubs reopen temporarily to liquidate pharmacy inventory and prepare to move Rx files... "so... you are likely not to be retained but here's a recap of the pay structure changes..."

It's now a game of musical chairs if any good displaced pharmacists and techs want to stay within Sam's (unlikely) or find a position at bad SC.

Bad RPH and techs, every day is an interview and you failed miserably! Hohohohohoho Merry Christmas

Seriously though if you are subpar retail drone I wouldn't count on hanging on to a job without relocation to a **** area (like Methifornia)

 

[zelman]

I thought it was interesting that Walmart first announced they will be raising the minimum wage and giving bonuses, and THEN announces they were closing down Sam's Club stores.

I don’t think the closings were “announced” and the nationwide starting salary was in order to hide them from the news.

 

[smercer]

This, plus cvs and walg stock are down. Along with standard oversupply. Is the Amazon panic justified yet?

Interestingly, I am pretty sure Amazon either bought or is in works to buy Target. If this happens, could we expect Amazon to boot CVS and use that as a way to start their pharmacy workings.

 

[Son_Goku]

Amazon takeover in fetal stage.

 

[DrVader]

Happy New Year!

Not a shocker if you follow corporate retail, Walmart does not hesitate to attempt to keep up with the fast changing market place (they also cut 150+ stores in 2016 I think...Walmart express gone....)

Walmart to shutter 63 Sam's Club locations

The last time I was at a Walmart, I had to stare at a morbidity obese person ass for 15 minutes. That was the last time I went to a Walmart.