According to Rob Cissell, chief operating officer for Walmart China, the company plans to open its first Sam's Club in Shanghai by the end of 2010.
With a total investment of USD46 million, the new Sam's Club in Shanghai will be Walmart's largest-invested individual store on the Chinese mainland. The store will have an independent procurement team and a different operating model from its ordinary stores.
Cissell said that Walmart has accelerated its expansion in China over recent years. It opened over 40 new stores in China last year. At present, Walmart has 192 stores in China.
Sam's Club is Walmart's chain of membership-only retail warehouse clubs. There are now 500 Sam's Clubs in the world, including four in China.
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