Walmart(US:WMT) 3 6 Ke·2025-12-18 06:04Core Insights - Sam's Club in China is set to reach a record total of 63 stores by the end of 2025, with the opening of the Guangzhou Liwan store on December 22 marking the last new store of the year [1][15] - The company has opened 10 new stores in 2025, achieving a new high in its expansion rate in China [3][15] Store Openings - The Shanghai Pudong East store opened recently, becoming the 62nd store in the country, indicating a rapid expansion with two new stores opened within a week [3][15] - The Guangzhou Liwan store will feature local products, collaborating with over 100 quality enterprises in Guangzhou to offer nearly 400 high-quality items across various categories [6][10] Product Offerings - The new stores will provide a range of differentiated products, including popular items from North America and unique local goods, enhancing the shopping experience for members [8][10] - Exclusive new products will be launched at the Guangzhou store, including items from the Member's Mark baking series [10] Future Expansion Plans - Sam's Club plans to maintain an accelerated pace of opening 8 to 10 new stores annually after 2025, which is an increase from the previous average of about 6 stores per year [15] - The company has been recognized for its strong sales growth in China, contributing significantly to Walmart's international business [17] Operational Efficiency - Sam's Club in China has achieved a significant increase in online sales, with 50% of sales now coming from online channels, compared to just 4% seven years ago [17] - The operational model includes efficient delivery systems, with 80% of orders delivered within an hour, supported by strategically located "cloud warehouses" [19]