SAM’S Club, the membership-only warehouse retailer under Walmart, plans to have 40 outlets on the Chinese mainland from 19 now as the company expressed high confidence in the consumption power of its target shoppers, Andrew Miles, its president, said in Shanghai yesterday.
The company intends to open new outlets in Suzhou, Shenyang, Chengdu, Nantong and Beijing this year to complement current stores in 16 cities. There is only one Sam’s Club in Shanghai, but Miles said the company is negotiating with partners in six locations, indicating there will be more stores in the city as well.
“Continuous investment is the best way to prove our confidence in the Chinese market,” Miles said.
Sam’s Club currently has 1.8 million members on the Chinese mainland.