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Stock impact report

Sam's Club phasing out checkouts, betting big on AI shopping [FOX Business Network]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Sam's Club, the Walmart-owned membership warehouse, is rolling out a major change to its grocery payment system and embracing artificial intelligence (AI). The retail giant plans to phase out traditional checkouts across its 600 stores and create a friction-free shopping experience which will include customers scanning goods on the go with an app and then having and AI scanner verify the goods as customers leave. The technology would eliminate the need for receipt checks at the door. The system, known as "Scan & Go," was initially launched in April 2024 and allows members to use the Sam's Club mobile app to scan their products. The latest announcement adds the AI check, known as "Just Walk"/"Just Go" exit, to the process and will see the option of traditional checkouts being eliminated. The new plans were announced by Chris Nicholas, Sam's Club president and CEO, who outlined the company's growth ambitions at its 2025 Investment Community Meeting last week. "This is one of Show less Read more
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