Walmart 2001 Annual Report Download - page 17

SAM’S CLUB has
dynamically redesigned its
jewelry program and now
features a wider
array of high-quality
jewelry, crystal and
designer fragrances.
SAM’S CLUB Jewelry
departments are no
longer leased but are
now operated solely by
our SAM’S Associates,
enabling clubs
to deliver exceptional
items to our Members
at extraordinary
values. Members can
find an impressive
selection of items
from such well-known
designers as Waterford,
Versace, Cartier and Mont
Blanc, for a fraction of
jewelry-store prices.
“By bringing
the SAM’S
CLUB jewelry
operations
in-house,
we can now
bring better
jewelry and
luxury gifts to
our Members. The quality and
pricing of our fine jewelry items
offer amazing value, and we are
excited to be able to pass these
savings on to our Members,”
Tom Grimm, President & CEO
of SAM’S CLUB, said.
The transition started with
almost 30 clubs in select test
markets and rapidly
expanded to include every
SAM’S CLUB in the
nation. Jewelry
selections vary by
location, but every
club offers
International
Gemological Institute (IGI)-
certified diamond solitaires, three-
stone rings and diamond stud
earrings. IGI is the world’s most
recognizable standard for
determining the values of
precious stones and
assures Members
they are receiving the
highest quality and value.
Other jewelry selections at SAM’S
CLUB include gold merchandise,
cultured and fresh water pearls and
seasonal merchandise, such as
diamond heart-shaped
pendants. In addition,
SAM’S CLUB offers a
variety of quality
diamond engagement
rings, anniversary
bands, earrings and
pendants.
The Company’s buyers
carefully select diamonds
to ensure Members
receive top-quality
jewelry
merchandise at the best possible
prices. In every area, SAM’S CLUB
jewelry ranks as high or higher than
other retail chain jewelry stores.
Just one example of the
outstanding value provided through
this program is a 14k yellow
gold oval sapphire (8.60cttw)
and diamond (.96cttw) bracelet
that sells at SAM’S CLUB for
$733.97. The same bracelet
sells at other jewelry
retailers for $1,695.00.
“Our Members
can always count on us to select fine
diamonds, gemstones and gift items
that both meet their needs and
reflect an exceptional
value. Our goal is to
provide Members with
the merchandise
they desire at the
very best possible
price. This new
jewelry program is
simply another
way in which we
are doing just that,”
Grimm said.
SAM’S
SPARKLES!
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