Sam’s Club, Walmart’s warehouse chain, is rapidly expanding in China, with plans to grow from 56 to 60 stores by year-end, outperforming Costco in the market. Despite economic challenges, the club’s membership income soared over 40% in Q1, as it adapts to local consumer preferences and serves as a key ecommerce hub, contributing significantly to Walmart’s sales in the country.
Explain It To Me Like I’m 5: Sam’s Club is a big store in China where lots of people go to find good prices on food and other things, and it’s growing fast because many families like to buy their groceries in bulk.
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