Core Viewpoint - The article discusses the challenges faced by Sam's Club in China, particularly after surpassing the 100 billion yuan revenue mark, highlighting issues related to product quality and selection that could jeopardize member loyalty and retention [4][5][36]. Group 1: Industry Context - The retail industry in China has seen a trend where companies reaching the 100 billion yuan revenue threshold often experience a decline or strategic missteps shortly thereafter [4][12]. - Both Yonghui and RT-Mart, once leading players, have faced significant revenue drops and losses after reaching similar milestones, indicating a potential "100 billion curse" in the retail sector [14][15][12]. Group 2: Sam's Club's Performance - Sam's Club achieved over 100 billion yuan in revenue in 2024, marking a significant milestone, yet it has faced criticism for product quality and selection issues [17][18]. - Complaints regarding product safety and quality have surged, with a reported 65% increase in complaints in 2024, indicating a decline in consumer trust [20]. Group 3: Membership Strategy - Sam's Club's strategy focuses heavily on member retention and renewal rates, with a reported 92% renewal rate among its "excellent members," contributing significantly to its revenue [29]. - The company has been expanding its presence in lower-tier cities while struggling to maintain its market share in first-tier cities, where competition from other membership-based retailers is intensifying [31][33]. Group 4: Competitive Landscape - The competitive environment is becoming increasingly challenging for Sam's Club, with rivals like Costco and local platforms gaining traction and market share [33][35]. - The unique selling proposition of Sam's Club, which has been its stringent quality control and unique product offerings, is at risk as similar products become available at competing retailers [36].

Core Points - A consumer reported finding a suspected glass foreign object in a "Fresh Meat Bun" purchased from Sam's Club, raising concerns about food safety [1] - Walmart responded to the incident by conducting an internal investigation and confirmed that no abnormalities were found in the same batch of products, but the item was removed from shelves as a precaution [1] - There have been multiple reports of food safety issues at Sam's Club, including complaints about spoiled milk and foreign objects found in other food products [2] Group 1 - A consumer named Xu reported finding a transparent foreign object in a "Fresh Meat Bun" from Sam's Club, which costs 48.9 yuan for a pack of 20 [1] - Walmart stated that they are taking the matter seriously and are in communication with affected members while investigating the source of the foreign object [1] - Previous incidents at Sam's Club include reports of live insects found in products and foreign objects in food items, indicating a pattern of food safety concerns [2]