Sam's Tests a Big-Box Bodega

Wal-Mart Stores Inc. is experimenting with a new Latino-themed warehouse store as it hunts for U.S. growth, despite a mixed history at ethnic forays by other retailers. The Más Club, which opened in Houston on Thursday, aims to satisfy the yearnings of recent immigrants for the familiar foods of home -- in American-style bulk sizes. The Sam's Club spinoff is part of a broader effort by the retailer to target the nation's fast-growing Latino population with dedicated stores. It also comes as Wal-Mart aims to reinvigorate revenue gains at its Sam's Club warehouse stores. Its share of Wal-Mart's $401 billion in sales has slipped since 2005 to 11.7% from 13.3% as international revenue has jumped to 24.6%, from 18.7% over the same period. The Bentonville, Ark., retailer is also testing a service-heavy Sam's Club that caters exclusively to small businesses while also targeting Latinos with a new food store called Supermercado de Walmart. READ FULL STORY
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