Commercial Real Estate

Sam’s Club Closes Stores in Seattle Region

Sam’s Club Closes Stores in Seattle Region

A Sam's Club in California - Image Credit: The New Mikemoral (CC by SA-3.0)

A Sam’s Club in California – Image Credit: The New Mikemoral (CC by SA-3.0)

Last week, parent company Walmart announced closures of 63 Sam’s Club stores nationwide, including the three locations in the Seattle area. The wholesaling giant is shuttering locations in Renton, Auburn, and Seattle proper, leading to a loss of about 500 local jobs. The Sam’s Club store locator currently displays no store within 100 miles of Seattle. Many customers are angered due to the high cost of store memberships, which could range between $45 and $100, now rendered useless by the lack of area outlets. Industry experts urge club members in the Seattle region to call or e-mail the company asking for a membership refund.  The closures come among news of Walmart changing its policies to raise minimum wage for employees.  Historically, Seattle has been dominated by rival wholesaler Costco, based in Issaquah, Washington.

 

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RT @bohamrick: 7 Apps Every Commercial Real Estate Broker Needs https://t.co/6OdRC3Fubg

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RT @REoptimizer: 4 Myths About Commercial Real Estate...Debunked #CRE https://t.co/1UhWY0xkD1 https://t.co/kWJbGXhSMa

RT @SeattlesBanker: OCC seeks to raise appraisal thresholds for commercial real estate loans https://t.co/4MCDfFvzyD

RT @seattlepi: Commercial real estate sellers are trying some new angles in selling properties for development in Seattle. https://t.co/7dO…

RT @EW: ICYMI: Netflix says more #ArrestedDevelopment is in the works: http://t.co/ZbHdbixpKF http://t.co/Lqg5jBp69i

Address of Real Bluth Model Home REVEALED #ArrestedDevelopment: http://t.co/1qNT2TPwz0 http://t.co/gjcWN8U7HL

Art Stable, by Olson Kundig Architects, Seattle, Wash. The live/work loft project includes a seven-s http://t.co/6Oi9pWs1BS

Aros: Federal Center South Building 1202, Seattle, Washington. Commercial Real Estate #commercialre http://t.co/lRX2VhtOZ5

RT @bohamrick: 7 Apps Every Commercial Real Estate Broker Needs https://t.co/6OdRC3Fubg
RT @richdadedu: What Are The 3 Key Metrics For Commercial Real Estate? https://t.co/aciBdlr9FJ - Attend our next online training: https://…
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RT @SeattlesBanker: OCC seeks to raise appraisal thresholds for commercial real estate loans https://t.co/4MCDfFvzyD
RT @seattlepi: Commercial real estate sellers are trying some new angles in selling properties for development in Seattle. https://t.co/7dO…
RT @EW: ICYMI: Netflix says more #ArrestedDevelopment is in the works: http://t.co/ZbHdbixpKF http://t.co/Lqg5jBp69i
Address of Real Bluth Model Home REVEALED #ArrestedDevelopment: http://t.co/1qNT2TPwz0 http://t.co/gjcWN8U7HL
Art Stable, by Olson Kundig Architects, Seattle, Wash. The live/work loft project includes a seven-s http://t.co/6Oi9pWs1BS
Aros: Federal Center South Building 1202, Seattle, Washington. Commercial Real Estate #commercialre http://t.co/lRX2VhtOZ5