The next successor is Jane Ewing, senior vice president of operations kuwait whatsapp number data 5 million Walmart International. After she officially takes office, Sam's Club COO (Chief Operating Officer) Zheng Shuohuai and Sam's Club CMO (Chief Procurement Officer) Zhang Qing will report directly to her. At the same time, Jane Ewing will report to Walmart China CEO Zhu Xiaojing.
Photo: Jane Ewing
Sam's Club, which has a history of over 40 years and has opened more than 800 stores worldwide, opened its 50th store in China (Dongguan store) in October this year.
At the same time, market sources said that by mid-November 2024, Sam's Club's sales in China were around 85 billion yuan, which has exceeded last year's full-year sales. It can be inferred that Sam's Club is only one step away from annual sales of 100 billion yuan.
Combined with the latest financial report data released by Walmart, Sam's Club, one of the growth engines, saw a 22% increase in membership income in the third quarter, an increase in gross profit margin in China, and a decrease in operating expense rate. It can be said that Sam's Club's strong growth momentum in China has not only enabled it to expand faster than its similar competitor Costco, but has also become a phenomenal retail company that attracts much attention for its every move.
So the motives behind the personnel changes at this critical juncture are naturally curious, that is, why did Walmart officially announce a change of leadership in Sam's Club China's business at this time?
