NEWS FROM THE STANDARD |
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Dot-Com Ad Crunch Doesn't Scare First-Timers
Nov 20 2000 05:15 AM PST
PROFILE |
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Even folks over 21 get carded at Sam's Club, the #2 warehouse club chain in the US (behind Costco). A division of Wal-Mart Stores, Sam's Club accounts for nearly 15% of Wal-Mart's sales. Sam's Club runs about 475 "no frills" stores in 48 states, plus another 50 stores in Brazil, China, Mexico, and Puerto Rico. The chain's some 41 million members -- many of them small-business owners -- pay an annual fee to shop there. The stores offer more than 4,000 discounted items, including bulk office supplies and foods, electronic goods, jewelry, clothes, and Member's Mark store-brand products. Most clubs sell fresh food and have bakeries, and some sell gasoline or offer pharmacy, optical, or one-hour photo-finishing services.
COMPETITION |
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BJ's Wholesale Club, Inc. (BJ)
Costco Wholesale Corporation (COST)
Office Depot, Inc. (ODP)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: January
2001 Sales (mil.): 26,798.00
1-Yr. Sales Growth: 8.1%
KEY PEOPLE |
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Thomas R. Grimm
CEO
Thomas M. Schoewe
CFO
CONTACT INFO |
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608 SW Eighth St.
Bentonville, AR 72712
US
Phone: 501-277-7000
Fax: 501-273-4053
Online: Web Site
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