The company is planning a huge expansion.
Sam's Club currently has 600 clubs in the U.S. and Puerto Rico. But it hasn't opened a new club in years, according to CNBC. Its last major expansion took place in the 2010s, when it was opening an average of about five to 10 stores each year, the news outlet reported. The most recent Sam's Club opening was its Hanover, Pennsylvania location in 2017.around the U.S.
But since then, the retailer has been thriving—allowing it to finally plan its most aggressive expansion in years. "The decision to invest in expanding its physical footprint was motivated by historic comparable sales growth, and a record rise in membership over the last two years," the company wrote in the press release."Sam's Club has continued to prioritize products and services that drive shopping trips and demonstrate the value of membership."Sam's Club isn't just opening up new clubs that look the same as its existing stores.
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