"Behind all of this, we cannot do without Andre Wen's entrepreneurial spirit, the efforts he has made in leading the Chinese Sam's team over the past decade, and the solid foundation he has laid for the company's future growth. We sincerely thank Andre Wen for his outstanding contributions to Walmart China, and wish him a new and wonderful chapter in his life after retirement." The email ended with a highly eloquent evaluation of Andre Wen's 12 years of work at Sam's.
From any perspective, Andre Wen, who came from Watsons, is the miracle maker of Walmart China and Sam's Club. And in at least three aspects, Sam's Club under Andre Wen's leadership will not be challenged until now and for an unpredictable period of time in the future.
Supporting 2/3 of Walmart China's sales and reaching its historical peak;
Push Sam's Club into the peak period of development in terms of single store and overall performance.
Pioneering exploration of an integrated online and offline retail model with more than half of sales done online;
The most intuitive reflection of these three achievements is in the performance report: In 2023, Walmart China's annual sales will exceed RMB 120 billion, reaching the highest performance level since entering China. Among them, Sam's Club contributed more than RMB 80 billion, with online business accounting for more than 50%, and the growth rate of online business reaching 25%.
In other words, Sam's Club China is very likely to break through the 100 billion yuan mark in 2024. Prior to this, only RT-Mart and Yonghui had ever broken through the 100 billion yuan mark in the list of top 100 supermarkets engaged in general consumer goods.
