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Stock impact report

Pio Brings Warehouse Robotics System to the U.S. to Automate Inventory Management and Order Fulfillment for E-Commerce Brands [Yahoo! Finance]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: Yahoo! Finance
STAVANGER, Norway and NEW YORK May 8, 2024 /PRNewswire/ -- Pio ("Products In/Out"), a plug-and-play automated warehouse system leveraging cube storage technology by AutoStore , is now available to all small and midsize e-commerce businesses (SMBs) in the United States. AutoStore is the world's leading warehouse automation company with over 1,500 installations worldwide for industry giants such as Macy's, Ikea, and Puma. Its proprietary cube storage technology offers the densest product and inventory storage solution on the market. AutoStore created Pio as part of its mission to make cube storage technology accessible to all. Now, Pio's P100 automated warehouse system has launched in the U.S. with five new customers including Privada Cigar Club, Sunday Swagger , Souko, Barnes 4WD, and AI Stone. "SMB e-commerce brands face two major challenges in the U.S. – high labor costs and extremely high customer expectations regarding order fulfillment and delivery. Overcoming these two chall Show less Read more
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