Walmart to raise starting wages, give $1000 bonuses

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Walmart is closing dozens of Sam's Club stores, but none are in the metro-east or St. Louis.

"We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders", Walmart chief executive Doug McMillon said.

"Closing clubs is never easy and we're committed to working with impacted members and associates through this transition", the company posted.

Adding insult to injury, she got an automated line.

The Edgewood location is not listed on the Sam's Club website right now. Although the store was closed Thursday, it will reopen Friday at 10 a.m. and then close to the public for good on January 26.

With six locations in Lubbock, including its Neighborhood Market, Wal-Mart is the eighth largest employer in the city, with 1,810 employees in June 2016, according to the Lubbock Economic Development Alliance.

Walmart says it will convert some of the Sam's Clubs into e-Commerce centers that will hopefully speed up online orders. The Bentonville, Arkansas-based company said it will record a charge of about 14 cents a share related to the closures, mostly in the fourth quarter.

White House officials quickly jumped on the news from Walmart to highlight the positive benefits of the tax law.

The company said the moves that will affect more than a million hourly workers in the U.S. are tied to recently enacted tax legislation that will save it money. "Nobody told us anything and we have Sam memberships".

"I'd also like to highlight the announcement this morning from Walmart, we want to thank them", said Mnuchin. They had no prior warning or anything.

"(It's) well-run, (it's) busy", he said. Sam's Club member Larry Wilson took a more pragmatic approach. "They'll get a severance package of some type". And a few have said they will raise their contributions to their employees' retirement plans. "Not all of the corporations are greedy".

But Walmart isn't alone in the retail sector in increasing the minimum wage that it pays employees.

And given what happened at Sam's Clubs with lay-offs, some shoppers are skeptical. Job postings at an Amazon warehouse in Ohio, for example, offer a starting pay of $14.50 an hour. The Lubbock location is not at risk, according to the local store.