A spokesperson with Sam's Club says the store is being closed due to its poor financial performance, despite a last-ditch effort by employees to improve the location's sales.
The store is one of 10 being closed nationwide by Sam's Club. In a news release issued Monday afternoon the company announced closures in the following cities: Nampa, ID; La Quinta, CA; Louisville, CO; Vista, CA; Rolling Meadows, IL; Clay, NY; Irvine, CA; Houston, TX; Phoenix, AZ and Sacramento, CA.
According to the release, the closures nationwide are expected to affect a total of 1,500 employees.
"Despite the outstanding efforts of our associates, these clubs continued to lose money and we have decided to close them," the company said.
Signs have been posted on the Louisville store's doors, warning customers that the location will close on Jan. 22. The spokesperson says beginning Monday the store will begin preparations to close. The store will also have new hours, closing earlier daily at 6 p.m. The location's pharmacy is expected to stay open until Jan. 25.
Locally 125 employees will be laid off as a result of the store closing. They will be paid for the next 60 days and may be eligible for a severance program. Sam's Club says it will offer two job fairs, one focusing on opportunities within the company and another on jobs outside of Sam's Club and Walmart.
Sam's Club says there are several other locations in the area that Louisville shoppers can use, including their Thornton and Arvada stores. The company also says there will not be any liquidation sales. Any items not sold by the close of business on Jan. 22 will be redistributed to other Sam's Club stores.
Editor's Note: Initially Sam's Club officials told 9NEWS that the closure of the Louisville store was not part of a larger, nationwide move.
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