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Wal-Mart considered spinning off Sam's Club

Wal-Mart Stores Inc., the world's largest retailer, considered spinning off its Sam's Club wholesale unit last year before deciding against it.

"After looking at it for a while, we decided that the best place for Sam's Club is to be part of Wal-Mart," Sam's Club Chief Executive Officer Douglas McMillon said in an interview today.

Remaining part of Wal-Mart gives Sam's Club access to its vendor relationships and customer information, McMillon said. Wal-Mart didn't discuss the prospect of a spinoff with shareholders, he said.