Jamestown Sam's Club closing as company realign's locations

Customers line up to get into Sam's Club in Sylmar as the store offers discounts ahead of its closing

Customers line up to get into Sam's Club in Sylmar as the store offers discounts ahead of its closing

The company told CNBC all of Sam's Club's employees who are affected by the store closures will still be eligible for bonuses.

The Sam's Club location at 12919 San Pedro Ave.in San Antonio.

A statement on the official Sam's Club Twitter account reads, "After a thorough review of our existing portfolio, we've chose to close a series of clubs and better align our locations with our strategy".

Sam's Club's statement on Twitter said,"After a thorough review of our existing portfolio, we've made a decision to close a series of clubs and better align our locations with our strategy".

Walmart is reportedly cutting 3,500 co-manager positions and adding 1,700 lower-paid assistant store managers. "We will be closing some clubs, and we notified them today".

Linden Mayor Derek Armstead went to the store location to meet with the regional and district managers after he received a letter about the closing early Thursday.

As a member of Sam's Club, you are entitled to a refund at any time if you are not satisfied, the company says on its website.

The closures come the same day Walmart Stores Inc.

Several Sam's Club stores abruptly closed Thursday, according to news reports.

Some point out Sam's Club is giving certain employees bonuses due to tax reform - and wonder if the company appears to be doing well, why they're downsizing.

The company said 63 stores across the country will be closed or converted to distribution centers.

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