The sh-- has hit the fan
12 replies (most recent on top)
4 Phoenix Arizona store just closed.
Sales, profit, member base count, market saturation are all contributing factors.
I'm not saying this is the reasoning behind the Alaska closures, but high volume clubs can still lose money. And supermaxing doesn't tell you anything about their financial state. They could of been budgeted to lose money.
Profits are not the reason. One of the Alaska clubs that is closing is a 100m a year club with supermax sales and profit.
I used to work at the Henrietta, NY store and just heard about the Rochester closings. The Syracuse and Jamestown stores are closing too, but not Buffalo, Niagara Falls, or Vestal. They're abandoning Rochester to Costco and BJ's, I guess. Fortunately, I moved out of state and work at a busier Sam's now. But it is a bit shocking to me. In Rochester, I would think that they could support one club, although two was a bit much.
Jamestown, NY is also closing
2 Rochester, NY stores (Greece and Henrietta) already removed from the Sam's website.
Stanton, CA and City of Industry, CA just found out today as well
Does anyone else see a PR disaster here? When the news starts covering these closings it will completely overshadow a $1 raise.
Obviously they closed based on performance. They wouldn't close stores making big profits. And the fulfillment centers doesn't help the hundreds of people out of a job in 2 weeks. We don't have full time positions open at clubs nearby.
The closing clubs will be converted to ecommerce fulfillment centers. Performance and location were most likely part of the consideration.
I work at WM so don’t know much about Sam’s model, but are profits the main reason here or...? I feel like there are too many WMs around so this wouldn’t surprise me if any of the 3 WM in a 5 miles radius of me closed, but I never see an over saturation of Sam’s.
Erie Blvd, Syracuse, N.Y. is one of them... my brother just found out after being with them for 24 years...