Sam's Club Is Now Successfully Using AI To Stop Shoplifting [Forbes]
Paychex, Inc. (PAYX)
Last paychex, inc. earnings: 3/25 08:15 am
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Source: Forbes
The Christmas holiday shopping season in the United States traditionally begins after Thanksgiving. (Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images) Most shoppers, after paying for their bulk products at BJ's, Costco or Sam's Club, oftentimes have to wait in line to exit the store while a store employee does a quick audit of their cart. This takes time and can be annoying. The bulk retailers aren't happy about having to do this either. Not only does it annoy their customers, but it incurs an extra cost and is far from a perfect procedure. But doing a quick check of people's carts is a necessary evil in this business. Why? Because people steal. In fact, people seem to be stealing more than ever. Retailers are challenged with finding ways to thwart shoplifters. Enter AI. Sam's Club is rolling to the shoplifting problem using AI technology. So far it's been deployed in about 120 stores. How does it work? PROMOTED After a customer has paid and as they're existing
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- Paychex, Inc. (NASDAQ: PAYX) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $130.00 price target on the stock.MarketBeat
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PAYX
Earnings
- 4/2/24 - Beat
PAYX
Sec Filings
- 5/20/24 - Form 4
- 5/17/24 - Form 8-K
- 5/17/24 - Form 144
- PAYX's page on the SEC website