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Sam's Club, the membership/warehouse operation of Wal-Mart, is closing its Vista store, the parent company announced on its website today (Jan. 11). Nine other Sam's Club locations will be shut down in the U.S., including La Quinta and Irvine and one store in the Sacramento market. The ten are "financially underperforming," says Sam's Club president Brian Cornell. The stores "continued to lose money." The decision is not expected to have a material impact on Wal-Mart's fourth quarter earnings.
Sam's Club, the membership/warehouse operation of Wal-Mart, is closing its Vista store, the parent company announced on its website today (Jan. 11). Nine other Sam's Club locations will be shut down in the U.S., including La Quinta and Irvine and one store in the Sacramento market. The ten are "financially underperforming," says Sam's Club president Brian Cornell. The stores "continued to lose money." The decision is not expected to have a material impact on Wal-Mart's fourth quarter earnings.