Around 10 of those stores will be repurposed into "e-commerce distribution sites", but the company has not said which locations.
The announcement came ahead of news that Walmart's wholesale unit, Sam's Club, closed several of its members-only stores in order to "better align our locations with our strategy".
The announcement comes the same day Walmart announced it is boosting its starting salary for USA workers to $11 an hour, giving a one-time $1,000 cash bonus to eligible employees and expanding its maternity and parental leave benefits.
Hatfield was unable to say how many employees are at the San Pedro store, but most Sam's locations employ on average of 150 people.More news: Teenager Marta Kostyuk reacts on Instagram to her Australian Open defeat
Other changes include one-time bonuses up to $1,000, depending on how long employees have worked for the company. In some cases employees showed up to work having not been told of the closures, a company spokesperson said, CNBC reports.
In early 2015, Wal-Mart announced a plan to raise wages, improve training, boost benefits, and provide more flexible and predictable scheduling for its employees. The tax overhaul from the Trump Administration slashed the corporate tax rate, leaving companies more room to increase employee morale with bigger wage increases and bonuses. States have individually raised their minimum wages, with some already at $11 per hour. "The labor market is tight and getting tighter".
Laurie Rose, owners of Olde Naples Chocolate usually has six workers during the winter months, the busy season in the resort city of Naples, Florida.
The retailer is also making more positive changes for workers. The retail industry is seeking to fill 711,000 open jobs, the highest on records dating back to 2001, according to government data. Walmart said the one-time bonuses would cost the company $400 million and will be based on length of service. And Walmart president and CEO Doug McMillon was quick to credit the GOP's tax bill, which cut taxes on corporations like Walmart from 35 percent to 21 percent, for them.More news: Why Kim Kardashian and Kanye West Named Their New Baby Chicago
Walmart will create a new benefit that provides financial assistance to employees who are looking to adopt a child, giving them as much as $5,000 per child to cover expenses such as adoption agency fees, translation fees and legal costs.
Walmart has made its mark as a leader in low price and wide variety. While many traditional retailers have been struggling to keep up with online behemoth Amazon, Walmart has fared better.
As a comparison, Target announced in October that it would increase minimum hourly wage for its workers to $11, and to $15 by the end of 2020. California is going up to $11 an hour for large employers this year.
Mount Olive Mayor Rob Greenbaum announced the news on Facebook late this morning, stating, "I was just informed that as of today, Sam's Club, Mount Olive, is closed for good due to a business decision of the company".More news: Australian Open: Nick Kyrgios topples idol Jo-Wilfried Tsonga in electric clash