Sam’s club has seen a record rise in membership growth over the past two years due to its product and service offering at low prices. Due to this rise in demand, the company has decided to expand its stores with the first new one opening in Florida in 2024. In addition to stores, it will also be opening fulfillment and distribution warehouses nearby so that it can keep restocking items quickly and efficiently while maintaining quality products.
The new stores will be 20,000 sq. ft. larger than their traditional 140,000 sq. ft. stores. This allows Sam’s Club to incorporate the order online pick-up in store model alongside curbside pick-up, and order online and ship from the club. According to the article, “most of the new stores will feature a seafood/sushi island, full-service floral, walk-in dairy, fresh coolers. Many will also include fuel stations and liquor offerings.” They will also have a larger healthcare center with rooms dedicated for hearing and eye consultations.
In the quarter ending in October of 2022, Sam’s Clubs sales increased 10% and its membership income rose 8%. With the rise in the price of goods, it looks like shoppers have become savvier and are finding ways to save and extra dollar.
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