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Wal-Mart to close 10 Sam's Clubs stores

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News Willmar,Minnesota 56201 http://www.wctrib.com/sites/all/themes/wctrib_theme/images/social_default_image.png
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Wal-Mart to close 10 Sam's Clubs stores
Willmar Minnesota 2208 Trott Ave. SW / P.O. Box 839 56201

BENTONVILLE, Ark. (AP) -- Wal-Mart said Monday it will close 10 money-losing Sam's Club stores and cut 1,500 jobs to reduce costs.

The stores will close Jan. 22. They are in Nampa, Idaho; La Quinta, Calif.; Louisville, Colo.; Vista, Calif.; Rolling Meadows, Ill.; Clay, N.Y.; and Irvine, Calif. The cities of Houston, Phoenix and Sacramento, Calif., will each lose one store.

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"Despite the outstanding efforts of our associates, these clubs continued to lose money and we have decided to close them," Sam's Club CEO Brian Cornell said in a statement.

Cornell said the company is trying to find jobs at other Sam's Club or Wal-Mart locations for workers who lost their jobs. Wal-Mart owns the Sam's Club warehouse stores chain.

Wal-Mart Stores Inc., based in Bentonville, Ark., says it plans to disclose the financial details of the closures when it announces its fourth-quarter results on Feb. 18. It does not anticipate any material adverse impact on fourth-quarter profit.

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