顺德山姆会员店位于大良东部南城水轴板块，已于2024年动工。此前，顺德山姆会员店主体建筑正式封 顶，预计将于2026年开业。 顺德山姆会员商店概念图。 除此之外，顺德山姆会员店所在的位置正在打造24小时活力聚场+休闲邻里中心——顺控·漫华里。 顺控·漫华里占地面积约6万平方米，总建筑面积约11万平方米。由北侧顺德山姆会员商店、南侧活力商 业街区组成。 南侧的活力商业街区将引入深夜酒肆、文创动漫、萌宠空间、特色餐饮、休闲文娱等业态。通过"宠物 友好空间+微醺社交空间+智能管理"的运营模式，打造潮玩打卡聚集地。 另据顺德发布的最新消息，顺德山姆会员店也已经进入招聘阶段。招聘时间为周一至周五（9:00- 16:30）。工作地点为佛山市顺德区碧桂路与南国东路交叉口东南角。 综合：顺德发布 整理：南都N视频记者 路漫漫 ...

Core Viewpoint - The latest financial reports from global retail giants, particularly Walmart, show mixed results amid the impact of tariffs, with challenges in profit expectations despite revenue growth [1]. Group 1: Financial Performance - Walmart's Q2 revenue reached $177.4 billion, a year-on-year increase of 4.8%, surpassing market expectations of $176.16 billion [3]. - The GAAP earnings per share for Q2 were $0.88, while adjusted earnings per share were $0.68, falling short of the market estimate of $0.74, marking the first miss since May 2022 [3]. - Operating profit declined by 8.2% to $7.3 billion, while net income rose by 51.8% to $7.151 billion [3]. Group 2: Growth Drivers - The growth in performance was primarily driven by Sam's Club and e-commerce, with global e-commerce sales increasing by 25% and global advertising revenue rising by 46% [5]. - Same-store sales in the U.S. grew by 4.6%, exceeding analyst expectations of 4%, and e-commerce sales in the U.S. increased by 26% [5]. - In China, net sales reached $5.8 billion, a 30.1% year-on-year increase, with e-commerce net sales growing by 40% [5]. Group 3: Strategic Initiatives - Walmart's CEO Kathryn McLay highlighted the growth of e-commerce in China, noting the opening of 33 new front warehouses and cloud warehouses, totaling 455, enabling rapid delivery to customers [7]. - The company plans to increase prices on certain imported goods to offset tariff costs, which has drawn criticism from former President Trump [8][9]. - Walmart's CFO John David Rainey indicated that the cost impact from tariffs is continuously rising, but the company is working to maintain low prices through accelerated imports and limited-time discounts [9]. Group 4: Future Outlook - Walmart has raised its full-year net sales growth forecast for fiscal 2026 to between 3.75% and 4.75%, and adjusted earnings per share expectations to between $2.52 and $2.62 [9]. - The company is assessing various scenario models due to trade policy negotiations, demand fluctuations, and future expansion flexibility [9].

Core Insights - The membership model in China's retail market has faced significant challenges, highlighted by the impending closure of Hema X membership stores, which were launched with high expectations but are now set to end within five years [1][3] - Hema X aimed to create a Chinese version of warehouse membership stores, competing directly with Sam's Club and Costco, but has struggled with operational issues and consumer perception of value [1][5] Group 1: Hema X Membership Store - Hema X membership stores were launched in October 2020 with ambitious plans, including a 6,000 square meter store featuring 1,800 selected products, 30% of which were exclusive [1] - The membership store quickly expanded, amassing nearly 3 million members and generating over 500 million yuan in annual membership fees, putting pressure on competitors like Sam's Club [1] - However, by early 2024, Hema X began closing stores, with the last one set to close by August 31, 2025, as the new CEO prioritized profitability and shifted focus to Hema Fresh and neighborhood businesses [3] Group 2: Consumer Perception and Market Challenges - Consumers reported that Hema X offered many of the same products as regular Hema Fresh stores but at higher prices, undermining the perceived value of the 258 yuan annual membership fee [3] - Hema attempted to address declining customer traffic with permanent price reductions, but this conflicted with the high-end positioning of the membership store [3] - In contrast, Sam's Club continues to grow despite facing quality issues, with membership numbers exceeding 5 million and annual membership revenue surpassing 1.3 billion yuan [3] Group 3: Costco's Cautious Expansion - Costco's cautious approach in China contrasts with Sam's Club's growth, as it faces localization challenges, reflected in a low membership renewal rate of 62% compared to the global average of 90% [5] - High logistics costs and poor product adaptability are significant hurdles for Costco in the Chinese market [5] Group 4: Broader Industry Insights - The membership model in China is not without its challenges, including issues with perceived membership value and the need for better localization [5][6] - Hema's failure highlights the importance of unique value perception, as consumers found little differentiation between Hema X and regular stores [5] - The rise of instant retail poses a challenge to traditional membership models, necessitating a shift towards online capabilities and instant delivery [6] - Future success in the membership retail sector in China will require a balance between quality and cost, standardization and localization, as well as innovative membership services and market segmentation [6]

Group 1 - Walmart is closing its e-commerce distribution center for Sam's Club located in Fort Worth, Texas, which may impact hundreds of employees [1]

Core Insights - Walmart is attempting to narrate a new story beyond Sam's Club, focusing on growth in various segments, particularly in China where net sales grew by 22.5% in the latest quarter [1][2][3] Group 1: Financial Performance - For the latest fiscal quarter ending April 30, Walmart reported global net sales of $165.6 billion, a year-on-year increase of 2.5%, and operating profit of $7.14 billion, up 4.3% [1] - In China, Walmart's net sales reached $6.7 billion in the first quarter, marking a significant growth of 22.5% [1] Group 2: Business Strategy and Expansion - Walmart's traditional hypermarket business in China has been shrinking, with only 280 stores remaining, a nearly 30% decline over five years, while Sam's Club and e-commerce are thriving [2] - Sam's Club is expanding rapidly in China, with an annual growth rate of 5-6 new stores, targeting economically developed "top 100 counties" [3][6] - The average order value at Sam's Club exceeds 200 yuan, which helps cover high fulfillment costs associated with its front warehouse model [8] Group 3: E-commerce and Technology Integration - Sam's Club's online sales now account for over 50% of its total sales, with plans to increase the number of stores generating over $500 million in sales from 2 to 8 by the end of 2025 [11] - Walmart is enhancing its delivery capabilities, with initiatives like "fastest delivery in 30 minutes" and expanding service areas to 5-15 kilometers [16] Group 4: Market Challenges and Adaptations - Walmart faces challenges in North America due to fluctuating tariff policies affecting its low-price strategy, with potential price increases expected in June [20] - Despite these challenges, Walmart anticipates a net sales growth of 3.5% to 4.5% for the second fiscal quarter [21]

Group 1 - Walmart's Sam's Club will open its 56th store in China at Jiang'an District, Wuhan, by the end of this month, making it the fourth Sam's Club in Wuhan, second only to Shanghai in terms of store count in domestic cities [1] - Sam's Club has rapidly expanded in Wuhan with a "5 years, 3 stores" strategy, having opened its first store in Qiaokou District in 2014, followed by new stores in 2021 and 2023 [4] - Wuhan is considered a strategic city for Walmart in China due to its geographical advantages, including logistics and population, which have driven Sam's Club's continued investment in the area [4] Group 2 - Sam's Club has established two logistics distribution centers in Wuhan, which not only serve the local market but also extend coverage to neighboring provinces such as Henan, Hunan, and Jiangxi [4] - The quality and cost-effectiveness of Sam's Club products have gained popularity among consumers in Wuhan, with membership numbers and overall sales consistently ranking among the top in the country [4] - The primary consumer demographic for Sam's Club is the middle-aged and young population, with stores like the one in Guanggu becoming key destinations for quality consumption [8] Group 3 - Sam's Club has introduced "Express Delivery" services in China to meet the high demand for instant delivery, with many consumers preferring online orders over in-store visits [8] - Other retail giants like JD MALL and CR Vanguard are also increasing their investments in Wuhan, with JD MALL planning to open new stores in the area [8]

Core Insights - Sam's Club attracts consumers seeking quality products and membership services, enhancing the living standards of local residents [1] - The establishment of Sam's Club in a city signifies an upgrade in consumer capacity and potential, primarily targeting affluent middle to high-income families [3] - The planned location for Sam's Club in Taiyuan is the "Zhao Beifeng land," which is well-suited for development [7] Company Overview - Sam's Club is known for its high average transaction value of 1,000 yuan and high repurchase rates, with an average annual revenue of 1.7 billion yuan per store in 2023 [9] - As a subsidiary of Walmart, Sam's Club has been expanding into second-tier cities, with 47 stores in China by 2024 and total sales exceeding 84.3 billion yuan in 2023, projected to surpass 100 billion yuan in 2024 [11] Local Impact - The opening of Sam's Club in Taiyuan is expected to boost local employment, logistics, and the surrounding commercial ecosystem, contributing to the city's development as a national regional center [9][11] - The project is currently in the coordination phase, with local government agencies actively working to facilitate its establishment [7]

Core Viewpoint - Walmart's unilateral demand for price reductions from Chinese suppliers may disrupt supply chains and harm the interests of both Chinese and American businesses and consumers [1][2][3] Group 1: Walmart's Actions and Implications - Walmart's request for significant price cuts from Chinese suppliers could lead to supply chain disruptions, negatively impacting both U.S. and Chinese enterprises [1] - The temporary demand for price reductions may violate commercial contracts, potentially disturbing normal market transaction order [2] - If Walmart persists in its demands, further actions beyond mere discussions may follow [4] Group 2: Industry Response and Context - The China Textile Import and Export Chamber has received reports from members about U.S. retailers requesting price cuts from Chinese suppliers, and they are verifying these claims [5] - The Chamber emphasizes that the current international trade issues stem from the U.S. government's unilateral tariff increases, affecting both U.S. and Chinese companies, and advocates for collaborative solutions [6] Group 3: Walmart's Financial Performance - Walmart reported strong sales growth in China, with net sales reaching $5.1 billion for the quarter ending January 31, marking a 27.7% year-over-year increase, significantly higher than previous quarters [7][8] - The company's e-commerce sales in China grew by 34% during the same quarter, boosted by the earlier Chinese New Year shopping season [8] - For the fiscal year ending January 31, Walmart achieved net sales of $67.45 billion, a 5% increase, but anticipates slower growth in the new fiscal year, projecting a 3% to 4% increase in net sales [8]