Sam's Clubs not the answer for Wal-Mart

Retail | Mike Bastin

Wal-Mart Stores Inc, ailing in China for many years, plans to open a further seven Sam's Club membership stores across the mainland over the next three years. Management has also said that the company's target is high-in-come families who travel frequently.

This is Wal-Mart's apparent attempt at halting the decline in performance in China, which now contributes a paltry 2 percent of its worldwide revenue.