By this time next week 10 Sam's Clubs locations nationwide are set to close, marking the first time in the division's 25-year history that its store count has experienced a decline. A certain number of clubs close or are relocated every year, but the reduction was more than offset by the opening of new clubs or relocation of existing units that might otherwise have been closed. That situation changed this year, though, as Walmart corporately became more judicious in the use of its capital budget. As a result, Sam's added only six new units and shifted its focus to improving existing operations by stepping up remodeling efforts. Look for more of the same next year, as plans call for between five to 10 new units and 60 to 80 remodels. Don't be surprised if the company comes in at the low end of the range for new units and the high end on remodels. The clubs due to close next week are located in Nampa, Idaho; Louisville, Colo.; Rolling Meadows, Ill.; Clay, N.Y.; Houston, Phoenix and La Quinta, Vista, Irvine and Sacramento, Calif.Even strong company’s like Wal-Mart are feeling the pinch in certain areas of the country.
In case you didn't know, Sam's Club doesn't refer to their clubs as 'stores'. The correct terminology is 'club'. And they don't have 'customers', they have 'members'.
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