Sam's Club opens more than 30 new stores and brings major changes, says the CEO
The company has been planning its most aggressive expansion for years.
Buyers are looking for more pinch of the under these days like sky price refuse to go down to stores in the United States and thanks to the opportunity for bulk purchase , Sam's Club is one of the best known options to save money. But if you don't have a SAM club near you, don't worry. The warehouse retailer has just announced new plans for a major expansion, which could bring one of his clubs to your wooden neck. Read the rest to find out more about Sam's Club's objective to open more than 30 new stores, and other changes that the company provides.
Read this then: 6 Sam's Club secrets does not want you to know .
The Sam club has done well.
During the last year, record inflation in the United States has hit numerous retailers. But the warehouses based on members like Sam's Club have succeeded throughout the turmoil. AE0FCC31AE342FD3A1346EBB1F342FCB
In 2022, the retailer belonging to Walmart saw pedestrian traffic and increase in sales , according to Business Insider. And Kath McLay , CEO of the Sam's Club, told CNBC In a new interview that its offers have become even more relevant in recent months, because prices have been high in all areas.
"During time like inflation, the moments when people have pressure on the budget of their household is a time when the Sam club can really present itself," said McLay during the interview with 26 January. "So I think the time is really good for us."
Now Sam's Club responds to his recent success with new aggressive plans.
The retailer plans to open more stores.
After having experienced a significant increase in sales and members' figures in its existing clubs, McLay told CNBC that Sam's Club was now looking to reach even more customers. She said that the warehouse retailer planned to open more than 30 new stores in the United States in the United States
As part of this expansion, the next Sam's Club store is expected to open its doors in Florida in 2024, CNBC reported. The company should also open five production and distribution centers this year, with the first opening in Georgia.
Overall, the SAM club plans to build around 30 clubs over the next five years, and even more to follow in the following two years, according to McLay. "We have experienced remarkable growth in recent years with a record number of members, and we are delighted to bring the experience of the Sam's Club to even more markets while we expand our footprint," said the CEO in a January 26 declaration .
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It will be the greatest expansion of the Sam's Club in years.
Sam's Club currently has 600 clubs in the United States and Puerto Rico. But he has not opened a new club for years, according to CNBC. Its latest major expansion took place in the 2010s, while it opened an average of around five to 10 stores each year, reported the activation press. The most recent opening of the Sam's Club was its location in Hanover, Pennsylvania in 2017.
In 2018, the company Closed 63 of its stores Around the United States "after an in-depth examination of our existing portfolio, we decided to close a series of clubs and better align our locations with our strategy," said the SAM club at the time. "Club closure is never easy."
But since then, the retailer has been booming, which has finally planned his most aggressive expansion for years.
"The decision to invest in the expansion of its physical imprint has been motivated by the historical growth of comparable sales and a record increase in members in the past two years," the company wrote in the press release. "The Sam's Club has continued to prioritize products and services that cause shopping trips and demonstrate the value of membership."
The retailer also plans to make major changes.
The SAM club does not only open new clubs that look like its existing stores.
"While we open new clubs in new places, we will continue to innovate," said McLay. The company has redesigned many of its existing stores in recent years to make them "brighter, easier to navigate and more functional", but new stores should come even with Following Changes.
"The new clubs will have around 160,000 square feet, larger than most of the current places. Most of the new clubs will present an island of seafood / sushi, full service flowers and dairy products and fresh coolers", said Sam's Club in his press release. "In addition, members will benefit from a larger health space, including a waiting space for patients, health services, private consultation rooms and dedicated hearing and optical centers. Locations will also include service stations and alcohol offers. "
