WMT Walmart Inc

By Chris Wack

Walmart Inc. said Tuesday it will pay out another special cash bonus to store, club, distribution center and fulfillment center associates for their ongoing contributions and dedication to serving customers, members and communities during the coronavirus pandemic.

The retailer said the bonuses will be $300 for full-time hourly associates, and $150 for part-time hourly and temporary associates. Drivers, managers and assistant managers in stores, clubs, and Health & Wellness also will receive a bonus. It will add up to $428 million for the company.

Walmart said U.S. associates, excluding salaried office associates, employed by the company as of July 31 will qualify, and it will pay out on Aug. 20. This is the third special bonus Walmart has given to associates in 2020, totaling $1.1 billion in bonuses so far this year, in addition to the regular incentive it provides to frontline associates on a quarterly basis.

Walmart also said it will close Walmart stores on Thanksgiving Day, Nov. 26, this year. Sam's Club locations also will be closed again on Thanksgiving.

Walmart said its stores and Sam's Club locations will operate normal hours Wednesday, Nov. 25. Information for store and club hours Friday, Nov. 27, will be shared at a later date.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

July 21, 2020 10:46 ET (14:46 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.