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On Thursday, Walmart-owned Sam's Club announced its most aggressive expansion in years, with the launch of over 30 new stores in the United States.
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The warehouse club will operate in Florida in 2024. Sam's Club is to open five fulfillment and distribution centers this year, beginning in Georgia.
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Following good sales and record club membership, the CEO stated that the company desired additional clients. She claims it will open 30 clubs in five years and possibly more in the following two.
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She added that Sam's plan will be more relevant if prices rise. She believes Sam's Club will thrive despite inflation and budget constraints. "I think the time is right for us."
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Sam's Club's expansion results in an increase in store footprint. There are 600 club sites in Puerto Rico and the United States.
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It hasn't opened a club in a long time. In 2018, it liquidated 63 clubs around the country, converting some into e-commerce fulfillment centers.
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In the 2010s, it opened five to ten clubs per year as part of its final major growth. Hanover, Pennsylvania acquired its newest club in 2017.
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Sam's Club would not announce the sites of its future stores in high-growth suburban areas due to competition concerns. She did not reveal the cost of constructing the clubs and e-commerce facilities.
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Clubs employ 150-175 people. Sam's Club fulfillment centers, such as the one coming to Georgia, employ over 1,000 people, while its distribution centers employ 120.
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The new Sam's Club locations will be 160,000 square feet, up from 140,000 square feet. There will be a sushi island, a full-service floral section, and a larger waiting space for hearing and optical appointments.
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New clubs will cater to the buying patterns of the Covid epidemic. There will be a cover for curbside pickup and larger coolers for online order preparation.
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