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Investor Presentaiton

Sam's CLUBⓇ The year proved to be challenging for the format, with a posted contraction in results. With this in mind,Sam's Club concentrated on increasing the information available to our members so as to provide a value proposition in line with their expectations. Platest bouce de Ch Cisnart 157 UNITS SAM'S SAM'SMS CLUB T VALUE PROPOSITION: price leader, volume, new & unique merchandise Sam's CLUB Customer target a b c business Experience and satisfaction indicators were used to obtain feedback on general aspects, and their intention to recommend and/or renew their membership. The relationship with our members was reinforced through recovery strategies, thereby allowing us to recover members. Moreover, we implemented specific measures for each member segment. In the case of our Advantage Members, we launched Every Day Low Price programs for staple products; we reinforced our proposition with differentiated items from global suppliers; we improved our product catalog for household items; we made bulk purchases more affordable; and we launched new events with themes revolving around technology, beauty, and food. For our Business Members, we invested in price for items important to them; we guaranteed assortment in the top-selling merchandise; we improved our item offering for wholesalers; and we launched membership plans for potential members located near our clubs. Throughout 2013, we opened 14 new clubs in 11 states, extending our presence to 87 cities in Mexico and Central America, recognizing the commercial potential of warehouse membership clubs. 2013 Financial and Social Responsibility Report 22
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