Walmart China appointed Liu Peng as the new President of Sam’s Club format, highlighting a strategic push for digital and omnichannel growth in the country’s competitive membership-based retail industry.
Key Takeaways
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Strategic leadership shift: Walmart China named Liu Peng, a highly experienced retail executive with a global and digital background, as President of Sam’s Club.
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Industry evolution: The Chinese membership-based retail sector is entering a stage of advanced competition..
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New direction for Sam’s Club: Under Liu Peng, Sam’s Club is expected to enhance its digital capabilities, strengthen differentiated product offerings, and deepen member services.
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