Thursday, January 11, 2018

Wal-Mart's Sam's Club to shut stores after 'review'

(Reuters) - Sam’s Club, a unit of Wal-Mart Stores Inc (WMT.N), closed a series of stores following a review, the membership-only store chain said in a tweet on Thursday.

The tweet came after a series of reports from local news outlets said some Sam's Club stores were closed abruptly on Thursday, with employees learning of the move as they arrived for work. (bit.ly/2DjkkWv)

Earlier in the day Wal-Mart said it would raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month’s major overhaul of the U.S. tax code.

Reporting by Siddharth Cavale in Bengaluru; Editing by Savio D'Souza

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