Walmart(US:WMT) Hu Xiu·2025-08-01 08:35Core Insights - Sam's Club has opened 56 stores in China, achieving annual revenue exceeding 100 billion yuan and a membership base of over 9 million, but is currently facing a reputation crisis due to recent product selection and quality control issues [1] Group 1: Company Performance - Sam's Club has successfully established a significant presence in the Chinese market with 56 stores and over 9 million members [1] - The annual revenue of Sam's Club in China has surpassed 100 billion yuan, indicating strong financial performance [1] Group 2: Reputation Crisis - Recent issues with product selection and quality control have led to a backlash from members, who feel that the store is offering subpar products [1] - Popular items such as sun cakes and rice puddings have been quietly removed from shelves, contributing to customer dissatisfaction [1] Group 3: Market Dynamics - The retail market in China is undergoing significant changes, impacting consumer expectations and company strategies [1] - The emergence of lower-quality products, referred to as "street goods," has raised concerns among members about the value of their membership [1]