Sam’s club has shared big plans to expand the stores and store remodel.
Walmart, who owns Sam’s club, discussed the upcoming business plans during the 2025 investment community meeting of Walmart Inc. last week. As part of the “It’s Long-Term Roadmap”, Sam club will continue its earlier announced plans to open 30 new locations by constructing a pipeline to open about 15 new clubs every year, as stated in a press release.
In addition, Sam’s club has planned to re -prepare all its 600 places over the next eight to 10 years. Remodals will be based on the layout of a Sam club store in Grapewine, Texas, Texas, opened last year.
According to a press release, these physical stores are being invested to help SAM’s club members to increase “beyond the footprint of their physical club”.
Chris Nicholas, president and CEO of Sam’s club, said during the meeting, “It is one of the fastest, most scalable transformations happening in retail today.” “We are investing with intentions – in our fleet, our colleagues and members experience – to become the world’s best club retailer.”
Nicholas also said that Sam’s club is not limited by (its) physicality, “but it is” enabled by it instead “.
During the meeting, he said, “Our omnichaneal model creates more opportunities to join with members where they are, and how they want to shop,” they said during the meeting.
In the next eight to 10 years, Sam club also plans to double its membership and its sales and benefits are more than doubled. The company aims to enable strong relationships with its members, especially young generations.
“We have built the foundation. Now, we are taking fast,” Nicholas also said. “Sam’s club is on a mission to become the world’s best club retailer – and we’re starting now.”
To shop at Sam’s club store, customers need membership, which costs around $ 50 per year. As mentioned on the company’s website, the membership comes with a sleep of allowances, which includes low member-cavity prices and a compatible membership card for another member of your home. You can also decide to cancel the membership at any time.
While Sam’s club is opening more physical stores, other retailers are closing shops. Last month, Kohl closed 27 “underperforming stores” as part of his real estate change for 2025. “In addition, Kohl will close its San Bernardino e-commerce supply center in California in May.
“We always take these decisions very seriously,” Kohl’s former Chief Executive Officer Tom Kingsbury said in a statement in January. “As we continue to build on our long -term growth strategy, it is important that we take difficult but necessary action for our customers and our teams to support our business health and future.”
