Wal-Mart bullish over Sam's Club

Seven outlets planned in China over next three years to boost performance

Wal-Mart Stores Inc is expecting to open seven more of its high-end Sam's Club membership stores in China over next three years in a move that it hopes will help halt its declining performance in the country.

Andrew Miles, senior vice president of Walmart China and chief operating officer of Sam's Club in China, said he has a clear idea of his target customers in China: high-income families who love to travel and many of whom have experience of shopping overseas.