Sam's Club's Record Sales Growth

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Parent company Walmart

Yahoo Finance

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How Walmart's $90 billion Sam's Club is aiming to take down Costco

Summary

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79% Informative

Sam 's Club is Walmart 's third largest business segment behind its namesake and international division.

Costco and BJ 's Wholesale operate 625 and 266 stores in the US .

Costco posted e-commerce growth of 13.2% in the latest quarter .

CEO Chris Nicholas : "We are the essence of the Walmart culture".

Sam 's Club is a membership model that caters to the better-off-than-average family.

The membership model is more important in the club model than anywhere, he says.

He says the club's value proposition is unmatchable: You can get e-commerce delivered to your home or pick it up, without the friction of shopping, at club prices.

We use AI to help with recommendations on the app and look at how you transacted with us before.

My merchandise team [fights] every single day to reduce prices for our members.

This is the moment for the Sam 's Club business model. The club model is such a great place right now, and that's not just in the US ..

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informal

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English

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