在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Membership stores bright spot in retail biz

Maidelong has nationwide supply chain network serving 200,000 corporate members in 64 cities

By WANG ZHUOQIONG | China Daily | Updated: 2025-02-28 09:47
Share
Share - WeChat
A view of customers at a Sam's Club store in Suzhou, Jiangsu province, in February. [Photo provided to China Daily]

In 2024, membership stores in China experienced strong growth momentum, with annual sales increasing by more than 20 percent year-on-year, according to Kantar Worldpanel.

International retailers, led by Sam's Club, have expanded rapidly in the Chinese market, leveraging their mature supply chains, high-value private-label products and strong member loyalty to establish a dominant position.

Data from Kantar Worldpanel show that in 2024, Sam's Club's penetration rate surpassed 7 percent, marking a 2 percentage point increase from the previous year. The retailer plans to continue expanding into smaller city markets this year.

Walmart Inc, parent company of Sam's Club, reported strong fourth-quarter results this month, with robust revenue and operating income growth. For the full fiscal year, Walmart's revenue reached $681 billion, up 5.1 percent year-on-year.

Walmart China net sales reached $5.1 billlion in the fourth quarter, up 27.7 percent year-on-year. In China, Walmart's e-commerce sales surged 34 percent year-on-year during the fourth quarter, of which Sam's Club operations in the country contributed a major portion.

"For the quarter and the year, we're pleased with our performance during the holiday season across the world," said Walmart CEO Douglas McMillon. "We performed well in the US, Mexico, Canada and China."

He said Sam's Club in China just wrapped up a strong Spring Festival operation.

John David Rainey, Walmart's executive vice-president and CFO, said China is a key growth market. "Our business in China continued to grow at a double-digit pace, driven by the strength of Sam's Club and e-commerce," he said.

As of 2024, Walmart operated 283 Walmart stores and 53 Sam's Club stores in China. In the fiscal year, the company opened six new stores, including four in the fourth quarter.

In addition, domestic membership store brands are also actively growing their presence.

M Club, a subsidiary of RT-Mart, operated nine stores across the country in 2024 and plans to focus on expanding in Jiangsu province in 2025 to deepen its market penetration.

Kantar Worldpanel data showed that M Club venues are the most dynamic segment within RT-Mart's business portfolio, with particularly strong sales growth in 2024.

|<< Previous 1 2   
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 六月丁香啪啪 | 欧美午夜精品久久久久免费视 | 国产精品久久久久久久 | 看a网站 | 在线免费中文字幕 | 国内精品久久久久国产 | 国产一区二区三区免费视频 | 成人片免费看 | 一本大道久久a久久精二百 羞羞视频在线观免费观看 国产第一区在线观看 | 黄色在线 | 麻豆国产免费 | 伊人免费观看视频 | 九九热免费精品视频 | 日韩在线欧美 | 97香蕉久久国产超碰青草软件 | 男女羞羞视频在线免费观看 | 97在线观看视频 | 蜜桃免费一区二区三区 | 国产亚洲精品久久 | 狠狠干天天干 | 热久久免费视频 | 国产乱码一区二区三区 | 日本一区二区三区在线观看 | 久久aⅴ乱码一区二区三区 午夜在线播放 | 亚洲一区二区三区免费视频 | 99国内精品久久久久久久 | 爱爱视频网站 | 日韩欧美影院 | 欧美高清hd| 欧美性猛交xxxx免费看漫画 | 成人 在线 | porn一区| 日韩成人精品在线观看 | 狠狠色噜噜狠狠狠合久 | jizz18毛片 | 噜噜噜噜噜色 | 天堂一区二区三区四区 | 精品一区二区三区在线观看 | 国产精品ssss在线亚洲 | 91伦理片| 国产精品一区亚洲二区日本三区 |