Sam’s Club growth goals are aggressive and follow 50% revenue growth of the past five years. Sam’s Club execs have said they want to double sales and membership in the next eight to 10 years. Sam’s Club was an $86 billion in the recent fiscal year.
Some of that growth will come with 30 new clubs over the next five years, starting with 15 this year. Sam’s Club also is focusing on convenience, fresh food and omnichannel – online sales – offerings to play a key role in its growth strategy.
“We’ve really invested heavily and focused on improving convenience and improving experience, and every trend we see with consumers is they want that,” Todd Sears, senior vice president and CFO of Sam’s Club, said at the recent Evercore Consumer & Retail Conference…