Sam's Club launches daily online deals

Sam's Club (NYSE:WMT) announced it will start offering online daily deals to its club members. The new program, referred to as Shocking Values, will offer promotions with up to 60 percent off regular prices.

Sam's Club, owned by parent company Walmart, will be the first membership club to offer daily e-commerce flash sales. Members are able to view the deals either through daily email notifications on an opt-in mailing list or by using the Sam's Club mobile app.

"Our members consider each visit to their neighborhood club and a treasure hunt for unexpected savings, and Shocking Values is a new extension of that experience," said Jamie Iannone, president and CEO of "These daily deals increase the value of a Sam's Club membership and provide savings that members won't find anywhere else."

The prices and brands featured on Shocking Values will be hand-picked based on members' interests, trends and popular items from different shopping categories. Deals will span products from consumer electronics and watches to apparel and outdoor/garden.

Shocking Values is the latest member exclusive for Sam's Club, which recently relaunched Club Pickup, the retailer's buy online and pick up in store option. Other services exclusively for members include tax preparation, identity theft protection, small business loans, healthcare, payroll services and legal solutions.

For more:
-See this Sam's Club press release

Related stories:
Sam's Club boosts member services with new products, free drugs
Rob Walton steps down as Walmart chairman
Walmart debuts new mobile initiatives
Walmart to raise wages for 100,000 workers
Walmart leaks details of unlimited shipping service