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Sam’s Club Closes 63 Stores

Sam's Club, a division of Wal-Mart Stores Inc. (NYSE:WMT), abruptly posted closure notices on a number of stores across the country today. Neither company has released any official statement, however an announcement on Sam's Club's official Twitter account reported that the company is closing 63 of its nearly 660 stores. The closings are expected to affect about 10,000 employees, according to various media reports. Sam's Clubs stores average...