Side Area Test
logo

Stay Connected

Get connected to StreetWise eNewsletters and text alerts on the newest and hottest stock opportunities and IR news.
[email protected]
407.340.0226

Walmart’s Sam’s Club Plans to Add Around 30 New Stores Over the Next Few Years

Walmart’s Sam’s Club Plans to Add Around 30 New Stores Over the Next Few Years

While many reports of companies resorting to store closings have made the news recently, Walmart-owned Sam’s Club has plans to do the opposite.

 

On Thursday, the wholesale retailer announced plans to open more than 30 new store locations in the U.S. over the next few years, making this the most aggressive expansion plan in years, according to CNBC.

 

Due to inflation, many customers have become more cost-conscious and Sam’s Club’s bulk inventory, private labels and cheap gas prices have attracted many shoppers. According to ABC, Sam’s Club has experienced a record rise in membership over the past two years.

 

Sam’s Club’s new locations will be about 20,000 square feet larger than the typical footprint and most will feature a sushi island, a full-service floral area, and hearing and optical centers, per ABC.

 

In recent years, Sam’s Club has also revamped its existing stores making them brighter, more organized and easier to navigate. It has also added the Scan & Go feature to its shopping app, allowing customers to quickly scan their items themselves instead of waiting in the check-out line.

Image of Sam's Club storefront signage.
Maggie Caraway