Walmart’s Sam’s Club cracks China market formula even as foreign retailers shut shop

AI Summary
Sam's Club, owned by Walmart, is expanding in China while other foreign retailers are scaling back. The US warehouse retailer has found success by localizing its offerings to appeal to Chinese consumers. This includes introducing China-tailored products like ginseng and adjusting packaging sizes to better suit smaller households. Sam's Club has also focused on quality and instant delivery, catering to the demands of middle-class shoppers. According to a researcher at Su Merchants Bank, the retailer's localization strategy has created a competitive advantage. The success comes as many other foreign retailers have struggled to maintain operations in mainland China.
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