Walmart says it’s closing 63 of its Sam’s Club warehouse club stores, though 12 of them will be converted to warehouses to store online merchandise. The chain’s CEO has suggested some of the stores were too close to others. Almost 600 Sam’s Clubs will remain.
The company that owns struggling Sears also owns the gasping Kmart discount chain. It’s shutting down another 81 (the number keeps growing!) Kmart stores this year because they’re not making money. Parent company Sears Holdings says it’s working to expand its online retail business to better serve customers.