Walmart's Sam's Club to cut 2,300
Retail Editor 2 -- Home Textiles Today, January 27, 2014
Bentonville, Ark. - Walmart will fire 2,300 Sam's Club workers, the latest in a string of layoffs from retailers.
Walmart said the goal is to trim middle managers and make Sam's Club more competitive.
The layoffs are Walmart's largest in four years and represent 2 percent of the club's 116,000 U.S. employees. The news comes on the heels of similar announcements from Macy's, J.C. Penney and Target.
In an interview with the AP, a spokesperson for Sam's Club said that the clubs had about the same number of employees, regardless of revenue. The move rebalances the retailer's resources in the field, he said.
Sam's Club operates 630 units in the U.S. and Puerto Rico and will add 15 or more clubs in the new fiscal year starting Feb. 1, the spokesman said.
Celebrity Branding at NY Home Fashions Market