Wal-Mart Plans Expansion For Sam's Club Wholesale Business In China

Wal-Mart Stores Inc. plans to expand its Sam’s Club wholesale operations in China as part of its efforts to grow its business in China, currently one of the retailer’s most difficult markets. At present, the company operates 10 Sam’s Club stores in China, a country of more than 1.34 billion people, while in the United States, with 300 million people, Walmart operates 550 Sam’s Club stores. Walmart China chief executive Roger Foran said his company plans to open more Sam’s Clubs in China in 2014, eventually reaching 10 new stores per year in 6–7 years.