From NBC News: Walmart announces raises and bonuses — then closes some stores

Thanks to Liles Taylor for the heads up about Walmart's bait-and-switch.  


Walmart announced on Thursday it would raise starting wages for hourly employees to $11 an hour beginning next month, and will give some of its hourly workers one-time bonuses that could be as high as $1,000. In total, more than a million employees could benefit, the company said.

The goodwill generated by that announcement, however, was quickly dampened by reports that Walmart would be closing 63 Sam’s Club stores across the country — some with no advance notice.

Walmart president and CEO Doug McMillon credited the recently passed corporate tax cuts for the salary hikes, saying, “Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.”

Read more here.