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1,500 Jobs Lost In 10 Sam's Club Closings
Wal-Mart announced on January 11, 2010 that it will close 10 money-losing Sam's Club stores and cut 1,500 jobs to reduce costs. The company says it will try to find jobs for employees at other locations.
The following stores, which were under-performing, will close January 22:
La Quinta, California
Rolling Meadows, Illinois
Clay, New York
I don't expect any discounts to be offered. I think they will just close these clubs and shift the merchandise to other locations.