And the warehouse-club company bringing in affluent shoppers isn’t Costco. It is Walmart-owned Sam’s Club. 2 in the U.S., Sam’s Club has found a way to beat Costco: Do it in China. Sam’s Club has about 60 stores in China and counting, up from 39 three years ago, as well as a fast-growing e-commerce business. The biggest stores each generate more than $500 million in sales annually, according to Walmart.

Source: Wall Street Journal December 29, 2025 01:42 UTC