We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Wal-Mart Plans To Expand Sam's Club Warehouse Club Business In China

July 2, 2013: 12:00 AM EST
Wal-Mart Stores Inc. said it plans to open seven new Sam’s Club membership-only warehouse clubs in China in the next two to three years. Aimed at the country’s affluent families, the planned warehouse clubs are part of the U.S. retailer’s efforts to deal with the slowdown in its hypermarket business. Sam’s Club opened its first store in China in 1996 and currently has 10 stores in the country. While conventional retailers, including parent company Wal-Mart, are slowing down their expansion plans in China, Sam’s Club’s business model has been successful in the country. In the United States, there are 620 Sam’s Club stores, generating $49 billion in annual sales for the company.
Wang Zhuoqiong , "More Sam's Club stores set to open", China Daily, July 02, 2013, © China Daily Information Co (CDIC)
China Business
Focus Areas
Market News
Companies, Organizations
Market News
Developed by Yuri Ingultsov Software Lab.