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Sam’s Club China plans 40 more stores across China by the end of the year – with online sales anticipated to account for 13–15 per cent of its income throughout the territory by that time. The company says it will shortly launch a Sam’s Club store in…
Walmart is to test a new Sam’s Club concept which is less than a quarter the size of the current model. Stewart Samuel, program director at IGD Canada, says a typical Sam’s Club outlet in North America is 134,000sqft. But the new store opening in Dallas is…
JD.com profit soared 50 per cent after a 39 per cent increase in sales during the Chinese online retailer’s latest quarter. Its unaudited results for the three months to the end of September show revenue of RMB83.7 billion (US$12.6 billion), with a record…
Walmart Stores says it plans opening between 30 and 40 new stores in China this year. Included in that number will be up to five new Sam’s Club outlets. While Walmart achieved a solid performance in its home market last year, its international operations –…
A new retail hub has launched in Xiamen, China, which will host retail majors Sam’s Club and Red Star Macalline. Spanning 55,000 square metres with a built up space of 100,000 square metres, the four-storey retail hub is a “lifestyle-centric’ outfit, designed…
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