Why was Sam's Club founded?

Sam's Club was founded in 1983 by Walmart's founder, Sam Walton, as a membership-based warehouse club aimed at providing small businesses and consumers with bulk goods at lower prices. The concept was to offer a no-frills shopping experience that capitalized on economies of scale, allowing members to save money on everyday items. By focusing on a limited selection of products and low operating costs, Sam's Club aimed to deliver value and convenience to its members. The warehouse model has since expanded to include a wide range of products and services, catering to both businesses and individual shoppers.