Membership, discount stores gain momentum

Quick Summary:

IN China's retail sector, both high-end membership clubs and value-driven discount stores are experiencing heightened popularity among urban consumers.

Walmart Inc's first-quarter earnings report indicated a 10.7 percent increase in international net sales, driven by its operations in Mexico and China.

McMillon added that Sam's Club has seen significant success with a business model that includes dark stores — miniature warehouse-like spaces where online orders can be packed for pickup or delivery — which enhance market reach and delivery efficiency, contributing to a notable improvement in profitability.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaGermanyMaliMexico

Topics: Walmart Sam's Club Costco Supermarkets Discount stores Retail /Business/Business News Fudi

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 14:28:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1201 words

Reading Time: 7 minutes read

Sentences: 54 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21966884

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 75 posts per day

Year Established: 1971

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Publisher ID: #22

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