Around the Net
Sam's Club Closes Stores In Efforts To Keep Up With Costco
- Wall Street Journal, Tuesday, January 30, 2018 8 AM
The closures are part of a strategy pivot by new Sam’s Club Chief Executive John Furner to turn what has long been Wal-Mart’s underperforming sibling into a retailer that can rival its most successful competitor, Costco. Sam’s Club hopes that by strategically closing underperforming stores, it can fine-tune its focus on stores that are driving higher profits, especially those that serve a higher-income clientele.
