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Walmart Hikes Wages and Announces 63 Sam’s Club Store Closures

Adrian Stevens
Walmart Hikes Wages and Announces 63 Sam’s Club Store Closures

Thanks to the recently enacted tax reform bill, retailers who were in the highest tax bracket and had more exposure to the domestic market will now have additional cash on hand. While Target (TGT) didn’t specify what it would do with the extra cash flow, it could help the company to continue to push its growth agenda and enhance shareholder value. Meanwhile, Walmart (WMT) stated that it would pass on the benefits of the savings to its employees.