"Despite the outstanding efforts of our associates, these clubs continued to lose money and we have decided to close them," Sam's Club CEO Brian Cornell said in a statement.
Cornell said the company is trying to find jobs at other Sam's Club or Wal-Mart locations for workers who lost their jobs. Wal-Mart owns the Sam's Club warehouse stores chain.
Wal-Mart Stores Inc., based in Bentonville, Ark., says it plans to disclose the financial details of the closures when it announces its fourth-quarter results on Feb. 18. It does not anticipate any material adverse impact on fourth-quarter profit.