Wal-Mart to close 2 Sam’s Club stores in Massachusetts

(AP) – Two Sam’s Club stores in Massachusetts are set to close as part of a plan by parent company Wal-Mart to cut back amid increasing competition.

The stores in Fall River and Seekonk will close permanently Feb. 5. The Sam’s Club store in Worcester will remain open. None of the state’s dozens of Wal-Mart locations will be closed.

The closings were announced as part of a larger plan by Wal-Mart to close 269 of its 11,000 stores worldwide and eliminate 16,000 jobs.

The announcement comes three months after its CEO Doug McMillon told investors the world’s largest retailer would review its store fleet amid increasing competition from all fronts, including from online rival Amazon.com.

The company says it will help employees find positions at other Wal-Mart stores.

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