retail news in context, analysis with attitude

• Walmart said yesterday that it plans to open two new Sam's Club in China next year and then hopes to ramp up the growth to 10 new Sam's stores per year for six or seven years, the Wall Street Journal reports.

Greg Foran, CEO of the company's China operations, says, "There are a couple hundred million people in China who could be Sam's members. Right now we have 1.7 million members."
KC's View: