Sam’s Club shared big plans to expand and grow stores.
Walmart, who owns Sam’s Club, has the upcoming business plans during Walmart Inc. discussed 2025 investment community meeting last week. As part of “his long-term roadmap”, Sam’s Club will continue with its plans previously announced to open 30 new places, “while building a pipeline for opening”, about 15 new clubs each year, as noted in a press release.
In addition, Sam’s Club plans to renovate all 600 of its locations over the next eight to ten years. The renovations will be based on the layout of a Sam’s Club store in Grapevine, Texas that opened last year.
According to a press release, the investments in these physical stores are being made to help members of Sam’s Club cultivate “outside his physical club footprint”.
“This is one of the fastest, most scalable transformations that take place in retail today,” Chris Nicholas, president and CEO of Sam’s club, said at the meeting. “We invest with intent – in our fleet, our co -workers and the member experience – to become the world’s best club trader.”
Nicholas also noted that Sam’s club is not “limited by [its] Physicality, “but it is” switched on it instead. ”
“Our Omnichannel model creates more opportunities to connect with members where they are and how they want to go shopping,” he added during the meeting.
Over the next eight to ten years, Sam’s Club also plans to double its membership and more than double its sales and profits. The company intends to enable stronger relationships with its members, specifically younger generations.
“We’ve built the foundation. Now we accelerate,” Nicholas said too. “Sam’s Club is on a mission to become the world’s best club trader – and we just start.”
To buy at Sam’s Club stores, customer must have membership, which costs about $ 50 a year. As noted on the company’s website, membership has a number of benefits, including low members prices and a free membership card for another member of your household. You may also decide to cancel the membership at any time.
While Sam’s Club opens more physical stores, other retailers shut down stores. Last month, Kohl’s 27 “underperforming stores” closed as part of its real estate change for 2025. “In addition, Kohl’s closes its San Bernardino e-commerce Fulfulment Center in May.
“We always make these decisions very seriously,” Tom Kingsbury, the former CEO of Kohl, said in a statement in January about the closure of the stores. “As we continue to build on our long-term growth strategy, it is important that we also take difficult but essential actions to support the health and future of our business for our clients and our teams.”
