Why Sam's Wants Businesses To Join The ClubWendy Zellner
It's not often that giant Wal-Mart Stores Inc. feels the need to defend itself. But at the overflowing annual meeting on June 3, Chief Executive David D. Glass tried to assure employees and investors that there was no cause for dismay over Wal-Mart's $14.7 billion Sam's Clubs division, despite 11 consecutive months of same-store sales lagging behind prior-year levels. The warehouse-club industry "should not be written off," Glass maintained. "We believe it's alive and well and thriving."
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