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How Sam’s Club is Walmart’s newest e-commerce play and retail’s surprising winners

Mike Sunnucks
American City Business Journals

Wal-Mart Stores Inc. (WMT) announced Thursday it was closing more than 60 Sam’s Club stores including four in Arizona. The likes of Sears (SHLD) and J.C. Penney (JCP) are experts at closing stores. “The announcement by Walmart to close 63 Sams Club stores is evidence of the continuing evolution of the retail segment,” Stapp said.