Sam's Club Is Resetting Its Business By Expanding Food, Aiming For Higher-Income Markets

Walmart’s wholesale unit Sam’s Club is expanding its store foods business, planning to open stores in higher-income areas, and giving regional buyers more autonomy in managing gourmet and natural foods inventory. In an interview with Fortune magazine, the company’s CEO described the moves as part of its “reset for the business.” Also, the wholesaler revealed it has closed underperforming locations, reviewed its merchandise categories, and expanded private labels in important areas.