Sam’s Club to launch China flagship
Sam’s Club, a members only warehouse retailer owned by US retail giant Walmart, is set to open a flagship in Shanghai.
The 70,000sqm Waigaoqiao Xin Development Park-based store will be Sam’s Club’s third location in the city and will bolster competition against rival Costco.
“We are excited to add the flagship outlet into our rapidly expanding footprint,” said Sam’s Club China president Andrew Miles. “It is a testimony of our commitment to our members and China – and the tremendous trust and loyalty local shoppers have shown in recent years motivates us to keep rewarding and surprising our members”.
The chain is developing new lines and retail models as it undergoes expansion, including wine tasting, pharmaceuticals, jewellery and eyewear, as well as a demonstration kitchen area.
Sam’s Club now operates 26 outlets in China and charges RMB260 (US$39) per annum for membership. The firm aims to be running 40 to 46 locations there within two years.