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Sam’s Club to add new stores, remodel existing locations

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Sam's Club has signaled growth plans as it looks to add new stores and remodel its existing 600 locations.

Sam’s Club CEO Chris Nicholas said at an investment community meeting that the company intends to open 15 new stores annually “for the foreseeable future."

Nicholas also said the company's projections call for its membership, sales and profits to double over the next decade.

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