Sam's Club's history: How Walmart turned a supply store for small businesses into Costco's biggest rival
Sam's Club was founded in 1983.Sam's Club opened its first discount warehouse in Midwest City, Oklahoma, in 1983.Today, Sam's Club touts nearly 600 discount warehouses nationwide and 47 million members.
Sam's Club, a Walmart-owned members-only chain, has more than 47 million members across about 600 US discount warehouses nationwide and recently celebrated its 40th anniversary.The Sam's Club name is an homage to Sam Walton, the founder of Walmart, who wanted to provide small businesses and other customers a space to buy items in bulk for a discount.
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