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UPDATE 1-Wal-Mart's Sam's Club to shut some stores after review

From Reuters - January 11, 2018

(Reuters) - Sams Club, a unit of Wal-Mart Stores Inc (WMT.N), said it had closed a series of stores following a review, the membership-only store chain said in a tweet on Thursday.

Business Insider, citing Wal-Mart, reported that Sam's Club was closing 63 stores and laying off thousands of workers. (read.bi/2qYH8bE)

Sam'S Club's tweet comes after local news outlets in Arizona, Alaska, Texas, New Jersey, Indiana and New York reported that some Sam's Club stores closed abruptly on Thursday, with employees learning of the move as they arrived for work. (bit.ly/2DjkkWv)

Closing clubs is never easy and were committed to working with impacted members and associates through this transition, Sams Club said on Twitter.

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