Walmart-owned Sam's Club plans to open about 30 new stores over next five years
Publishing timestamp: 2023-01-26 09:44:07
Summary
Sam's Club, owned by Walmart, is planning to open more than 30 new stores in the US and five fulfillment and distribution centers this year. This expansion is due to the sharp gains in sales and membership during the pandemic, as well as inflation making their value packs, cheaper gas and private label offerings more relevant. The new stores will be larger than the typical Sam's Club store and will include extra space for sushi island, full-service floral area and larger waiting area for customers with hearing or optical appointment. Sam's Club is joining its competitors BJ's and Costco in also opening stores.
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Keywords: breaking news: business, walmart inc, business, retail industry, costco wholesale corp, business news, bj's wholesale club holdings inc,
Source: https://www.cnbc.com/2023/01/26/walmart-owned-sams-club-plans-to-open-new-stores.html