Here are nine facts you might not know about Sam’s Club:
In 1983, Sam’s Club was founded as the first membership warehouse club in Midwest City, Okla. Today, it’s owned by Walmart. Sam’s Club is the second largest retailer in the United States with over 45 million members worldwide. Sam’s Club is headquartered in Arkansas due to less expensive property upkeep. Their headquarters are also located near Walmart headquarters for cost-efficient operations. Sam’s Club has two types of memberships: individual and business memberships. Individual memberships are $45 per year and are open to any individual over 18 years of age living in the US. The individual memberships include the use of Sam’s Club pharmacy, access to prescription drugs for a fraction of the retail price, discounts on eye exams and glasses, etc. Business memberships are $35 per year and are open to any business that is registered in the US and has a business location. The business membership includes discounts on a variety of business and tax services; discounts on office furniture; discounts on shipping and business products; etc. In 2021, Sam’s Club opened a new flagship store in Shanghai and it’s pretty impressive, to say the least. The store is a whopping 700,000 square meters, making it the largest free-standing Sam’s Club in China and also the biggest Sam’s Club in the world. The store offers a unique shopping experience that fuses elements of leisure and entertainment, setting it apart from anything else currently available on the market. The average size of Sam’s Club is approximately 134,000 square feet—about 2 1/2 football fields. That’s large enough to fit four Walmart stores into one building, or five Walmarts if you include the parking lot! But don’t let its size fool you; this warehouse is not just another big box store. Sam’s Clubs offer an assortment of products that are hard to find elsewhere, including organic foods and fresh produce in bulk quantities. As Sam’s Club comes under Walmart, and one thing Walmart is known for is its charitable contributions, In the fiscal year ending Jan. 31, 2015, Walmart, Sam’s Club, and the Walmart Foundation donated a combined total of $1. 4 billion in cash and in-kind contributions globally. This included 64 million meals donated, and the recycling of over 496,000 tons of material such as cardboard, plastic, aluminum, and food waste. In 2017 alone, they gave away over $4 million in classroom grants to 2,500 public and private schools across the country. Sam’s Club is a warehouse retailer that has achieved positive sales growth from 2009 to 2021, except for 2010 and 2016. In 2021, Sam’s Club recorded one of its highest sales growth percentages (8. 7%) despite the global pandemic altering the economy. Sam’s Club recorded $73. 6 billion in total revenue for the fiscal year ending January 31, 2022. Sam’s Club has made a concerted effort to be more environmentally conscious in recent years by implementing features such as skylights for natural lighting, energy-saving light fixtures, central energy management, water-conserving fixtures, and various recycling programs. In 2018, Sam’s Club closed 63 of its stores in the United States due to poor performance in those locations. The company had predicted that the towns where its warehouses were located would experience population growth, but that didn’t happen. Additionally, about 12 of the closed Sam’s Club locations are being transformed into e-commerce distribution centers. This news of Sam’s Club closing down means that nearly 11,000 workers could be impacted by the decision. This is a significant number of people who will now be unemployed and have to look for new jobs. For many of them, this will be a difficult task. The company said that it will provide some assistance to these workers in their transition to new employment.
Conclusion
That’s a lot of information to take in, but we hope you found it helpful. Sam’s Club offers an extensive selection of groceries and household items at discounted prices—and it’s easy to find what you’re looking for! At its peak in 2011, Sam’s employed 140,000 associates at over 561 stores across America.
Who founded Sam’s Club?
Sam Walton founded Sam’s Club on April 7, 1983.
What is the net worth of Sam’s Club?
It is estimated that Sam’s Club holds a net worth of $73 billion.
Who has more stores: Costco or Sam’s Club?
Costco has 834 stores worldwide, while Sam’s Club has only 600 across the USA and Puerto Rico.
