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The first Sam’s Club was opened by Walmart, Inc. in 1983 in Midwest City, Oklahoma under the name “Sam’s Wholesale Club”. As of October 31, 2022, Sam’s Club operated 600 membership warehouse clubs and accounted for 11.3% of Walmart’s revenue at $57.839 billion in fiscal year 2019. Since August 2018, Walmart Inc. solely holds a minority stake in Walmart Brasil, which was renamed Grupo Big on August 12, 2019, with 20% of the corporate Online Shop News‘s shares, and private fairness agency Advent International holding 80% possession of the company. On March 24, 2021, it was introduced that Carrefour can be acquiring Grupo Big.