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March 26, 2020

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Sam’s Club to open 3rd store in city

Walmart’s membership-only warehouse retailer Sam’s Club yesterday announced plans to open a flagship outlet in Shanghai next year as it competes with rival Costco’s growing presence in the city.

It will be the third outlet Sam’s Club operates in the city and will be located in the Waigaoqiao Xin Development Park of the China (Shanghai) Pilot Free Trade Zone in Pudong, spanning 70,000 square meters.

The warehouse retailer plans to experiment with new items and business modules in the flagship outlet as it looks to meet local demand.

The new outlet will have the most floor space of any Sam’s Club in China and is expected to offer a range of services related to dining, entertainment and education.

The second Shanghai Sam’s Club opened in Qingpu District last year and has been remodeled to include a wine-tasting space, pharmacy, jewelry counter and optical center, as well as a kitchen area to showcase its fresh food and kitchen wares.

The standard membership fee is 260 yuan (US$39) per year, while Costco’s annual membership is 299 yuan. It sells more than 4,000 different items.




 

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