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Sam's Club dives into the home improvement biz to compete with Home Depot
Sam’s Club is one of the popular retail warehouse clubs in the United States. It is owned by Walmart, but they are slightly different.
Now, Fox Business reported that Sam’s Club is getting into a new game in the retail business. It was said that the company wants to get its share in the home improvement market in the U.S., so it launched the Sam’s Club Home Install Experts.
The new home improvement business
It was mentioned that the retail company opened its home improvement store just in time for the season when renovations are at peak. And with its entrance into this line of trade, Sam’s Club is hoping to compete with the companies dominating the field in this business. Apparently, it is looking to rival The Home Depot and Lowe’s in the U.S.
In any case, Sam’s Club was able to set up Sam’s Club Home Install Experts in partnership with Service Finance Company LLC, a subsidiary of ECN Capital Corp. The two companies collaborate for the home improvement firm that will offer various services to members.
One of the services is connecting members with local contractors specializing in home improvements. It will also provide assistance with kitchen renovations, roofing, window and door installations, and many more. With this range of services, it can be said that Sam’s Club Home Install Experts by Service Finance Company is a one-stop store for home renovations and improvements.
"We're always looking for ways to deliver value, convenience, and special experiences to our members, and our relationship with Service Finance will be a gamechanger," Sam’s Club senior vice president and general merchandising manager, Kevin O'Connor, said in a press release. "With access to Service Finance's network of reputable dealers, our members can have confidence knowing they're not only getting additional value from their membership, but they're also getting the reassurance of a trusted provider."
Aiming to attract customers after the business launch
Meanwhile, Sam’s Club has devised strategies to attract more customers to its newest home improvement business. One of the tactics is to offer additional discounts to the members. This means that on top of the low prices, extra discounts would be offered to club members.
Lastly, the retail company will also offer easy financing options so people can avail their services without hassle. This financing plan will be processed and handled by the Service Finance Dealers.
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