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Stockreport

Sam's Club's AI-powered exit tech reaches 20% of stores [TechCrunch]

Walmart Inc. (WMT)  More Company Research Source: TechCrunch
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Club says it's turning to AI to speed up its own exit technology. Instead of requiring store staff to check members' purchases against their receipts when leaving the store, Sam's Club customers who pay either at a register or through the Scan & Go mobile app can now walk out of the store without having their purchases double-checked. The technology, first unveiled at the Consumer Electronics Show in January, has now been deployed at over 120 clubs across the U.S., which is 20% of the total number of Sam's Club locations. Since rolling out, the company claims that it's significantly sped up exits, as members leave the store 23% faster. The retailer plans to expand the tech to all its stores by year-end. The system works via a combination of computer vision and digital tech that captures images of customers' carts and then verifies payment for the items in their basket. Sam's Club says AI is used in the background to speed up the process. The AI also learns and improves over time a [Read more]
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Stockreport

Sam's Club's AI-powered exit tech reaches 20% of stores [TechCrunch]

Walmart Inc.  (WMT) 
More Company Research Source: TechCrunch
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Club says it's turning to AI to speed up its own exit technology. Instead of requiring store staff to check members' purchases against their receipts when leaving the store, Sam's Club customers who pay either at a register or through the Scan & Go mobile app can now walk out of the store without having their purchases double-checked. The technology, first unveiled at the Consumer Electronics Show in January, has now been deployed at over 120 clubs across the U.S., which is 20% of the total number of Sam's Club locations. Since rolling out, the company claims that it's significantly sped up exits, as members leave the store 23% faster. The retailer plans to expand the tech to all its stores by year-end. The system works via a combination of computer vision and digital tech that captures images of customers' carts and then verifies payment for the items in their basket. Sam's Club says AI is used in the background to speed up the process. The AI also learns and improves over time a [Read more]
IMPACT SNAPSHOT
EVENT TIME:
WMT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS