Wal-Mart Cuts 11,200 Jobs

Sam’s Club, the warehouse club division of Wal-Mart Stores Inc is cutting roughly 11,200 jobs, or about 10 percent of its workforce. Sam’s Club employs about 110,000 staff across 600 stores. In store promotions and product sampling will now be outsourced to marketing company Shopper Events in an attempt to win more customers. Sam’s Club, the No. 2 U.S. warehouse club operator behind Costco Wholesale Corp. Sam’s has tried to steal customers from rival warehouse stores such as Costco Wholesale. Earlier this month, Wal-Mart Stores closed 10 underperforming Sam’s Club locations, with 1,500 job losses. Wal-Mart shares closed on Friday up 2 cents at $52.94.

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    • hungover
    • January 25th, 2010

    Good points!

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