Walmart plans to open 40 of its high-end membership Sam’s Club stores in China by 2020 as it continues to expand its retail footprint.
The US retail giant currently operates 23 Sam’s Club stores across 19 Chinese cities and boasts around two million members.
The stores, which offer quality fresh produce and membership products for customers, have been growing steadily since launching in 1996.
The Sam’s Club stores are part of Walmart’s China business, which also includes hypermarkets and compact ‘community-based’ small supermarket businesses. Walmart also operates an online grocery delivery business JD Daojia, through a partnership with JD.com, as well as WeChat mini program, which has more than 30 million members.
Walmart is looking to continue to grow its footprint in China, last year it opened 33 new stores, including four Sam's Club, 21 hypermarkets and eight compact supermarket stores.
The company is focused on integrating AI and big data to help drive growth as well as the ongoing integration of its online-and-offline businesses.
Doug McMillon, president and chief executive of Walmart, told China Daily that China remains one of the retailer’s most important markets.