Sam's Club Goes Big On Growth With 15 New Stores A Year, Full Network Overhaul

Walmart's Sam's Club has announced a major expansion drive. The members-only wholesale chain will add 15 new stores each year and scale its e-commerce presence.

Sam's Club will also remodel all 600 existing stores, using its newly opened Grapevine, Texas, store as the model. Over the next eight to 10 years, the company aims to double membership and more than double sales and profit.

"This is one of the fastest, most scalable transformations happening in retail today," Sam's Club president and CEO Chris Nicholas said in a press release last week.

"We've built the foundation. Now, we're accelerating."

Nicholas' comment came during an annual meeting between Walmart management and the company's investors.

Sam's Club is a wholesale retailer that operates through a membership model. It offers bulk goods at discounts to small businesses and value-seeking buyers.

The Walmart unit's net sales were over $90 billion in the last fiscal year, which ended in January.

In January 2023, the company revealed plans to launch 30 new clubs nationwide over the coming years, alongside a multi-year initiative to upgrade and invest in its supply chain.

The latest move comes as Walmart faces uncertainty from President Donald Trump's trade tariffs, which are expected to increase goods prices and disrupt shopping trends.

At last week's investor event, Walmart maintained its full-year sales and profit outlook. 

Trump's decision to pause tariffs on certain countries has provided some relief to the stock price.

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