Walmart's Sam's Club will close ten stores in the U.S. due to underperformance, the company announced on its Web site Monday. 1,500 employees will "impacted" by the closures, the company said.
"In reviewing our current business performance, we have made the difficult decision to close 10 Clubs. 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 wrote in the letter.
Sam's Club will close one store each in the Houston, Phoenix and Sacramento markets, as well as its stores in Nampa, Ida.; La Quinta, Calif.; Louisville, Colo.; Vista, Calif.; Rolling Meadows, Ill.; Clay, NY and Irvine, Calif.