Sam's Club

Company officials said new businesses like marketplace, advertising, and membership, are helping diversify Walmart's profits and reinforcing the resilience of its business model.

The role of consumers in the development of new products for Sam's Club's private label continues to grow.

The expanded effort is designed to enhance engagement with shoppers as part of the Member's Mark product development process.

The new technology now in use at more than 100 clubs is said to help customers exit stores at a faster pace.

The refreshed online portal gives members access to a broader assortment of products sold under the retailer's own brand.

The retailer also announced a deal to acquire Vizio for more than $2 billion.

Continued expansion of its Member's Mark private label assortment along with overall growth are key factors in the warehouse club receiving this annual honor from Store Brands.

The store in Grapevine is being refurbished and will again welcome shoppers sometime in 2024.