Overview

• Sam's Club announced plans to open 15 new U.S. stores per year and remodel all 600 existing locations with a digital-first format.
• The new store model eliminates traditional checkout lanes, relying on a smartphone app for scanning and payment.
• The company aims to double its membership within 8 to 10 years, leveraging both new store openings and renovations.
• CEO Chris Nicholas emphasized the relevance of Sam's Club's value-oriented model during economic uncertainty, predicting strong demand even in challenging times.
• Competitors Costco and BJ's Wholesale Club are also expanding aggressively, reflecting a broader trend in the warehouse retail sector.