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Stockreport

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

Costco Wholesale Corporation (COST)  More Company Research Source: FOX Business Network
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 [Read more]

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Stockreport

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 [Read more]

IMPACT SNAPSHOT
EVENT TIME:
COST
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