sams club
This article or section does not cite its references or sources.
You can help Wikipedia by introducing appropriate citations.
Sam's Club
|
| Type |
Subsidiary of Wal-Mart |
| Founded |
1983 (Midwest City, Oklahoma) |
| Headquarters |
Bentonville, Arkansas |
| Industry |
Retail (warehouse club) |
| Products |
Produce, meat, seafood, fresh baked goods, flowers, clothing, books, software, home electronics, clothing jewelry, art, and furniture |
| Website |
http://www.samsclub.com |
Sam's Club, spelled by Wal-Mart Stores, Inc. as SAM'S CLUB, is a membership-only warehouse club owned and operated by Wal-Mart Stores, Inc.
The first Sam's Club opened in April 1983 in Midwest City, Oklahoma in the United States.
Sam's Club is named after the founder of Wal-Mart, Sam Walton. To purchase items from Sam's Club one must purchase a membership.
Sam's Club has a little-known sales operation based upon marking up the price, and that is the daily pass. For no fee, a non-member may shop in the club and pay a mark-up (about 10%) over the club prices. This is used, for example, by an ex-member who has a gift certificate to spend, or anyone else who does not plan to shop enough to re-coup the cost of the annual fee. This extra revenue is in theory a membership benefit in that all costs and incomes go together to determine the low pricing in the club for members.
A Sam's Club store in Maplewood, MO, a suburb of St. Louis.
Like other warehouse clubs, most merchandise sold at Sam's Club is sold in bulk and directly off pallets. Clubs are arranged much like a warehouse, with merchandise stocked in warehouse-style steel bins. There are currently 551 Sam's Clubs in the United States. Each club averages 128,000 square feet (3 acres) (12,000 m²) (1.2 ha). The Sam's Club division of Wal-Mart Stores, Inc. had total sales revenue of USD$37.1 billion for fiscal year ending January 31, 2005. There are also clubs operated internationally under the International Division of Wal-Mart Stores in Brazil, Canada, China, Mexico, and Puerto Rico. In 1993, Wal-Mart acquired Pace Warehouse Clubs and converted them into Sam's Clubs. Their current primary competitor is Costco. Sam's Club markets items under the private labels Member's Mark, Bakers & Chefs, and Sam's Club.
The latest flagship store opening as of 09/28/2006 was in Bentonville, AR. It is the second largest Sam's Club store, its largest located in Utica, MI, with over 145,000 sq. ft of retail space.
See also
- Costco - Primary competitor
- BJ's Wholesale Club - Another competitor
External links
- Sam's Club official website
| Wal-Mart Stores, Inc. |
|
Corporate Directors: Aida M. Alvarez | James Breyer | M. Michele Burns | James I. Cash, Jr. | Douglas Daft | David Glass | Roland A. Hernandez
Lee Scott | Jack C. Shewmaker | Jim C. Walton | Christopher J. Williams | S. Robson Walton | Linda S. Wolf
|
|
Assets: Amigo Supermarkets | ASDA | Sam's Club | Wal-Mart Discount Stores | Wal-Mart Neighborhood Market | Wal-Mart Supercenter | Walmex
See Also: Criticism of Wal-Mart | History of Wal-Mart | List of assets owned by Wal-Mart Stores, Inc. | List of Wal-Mart brands | Wal-Mart: The High Cost of Low Price
|
|
Annual Revenue: $288 billion USD (10% FY 2005) | Employees: 1.7 million | Stock Symbol: NYSE: WMT | Website: www.walmartstores.com
|
Categories: Articles lacking sources | Wal-Mart | 1983 establishments | Companies based in Arkansas |
