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Costco touts success of card scanner rollout; speeds up checkout process [Yahoo! Finance]

Costco Wholesale Corporation (COST)  More Company Research Source: Yahoo! Finance
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
scanners at the front of warehouses in its U.S. stores, and the move is being well-received by customers, the wholesale club said Friday. During the retailer's fourth quarter earnings call, Costco CEO Ron Vachris noted that the company has used card readers at the front of its stores in Europe for more than two years now and has been piloting the system in the U.S. for roughly six months. He pointed to several ways the scanners help Costco improve operational efficiency at stores. "It gives our operators real-time traffic counts throughout the day. So, we're able to adjust front-end lines that we need to open and close lines based on the fluctuations of business," Vachris explained. "We can monitor our fresh foods a little better because we know what the traffic counts look like and so forth," he said, "and it has also taken the friction of membership verification away from the front-end registers and moved that to the front door, where we're able to look at people's membershi [Read more]
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Stockreport

Costco touts success of card scanner rollout; speeds up checkout process [Yahoo! Finance]

Costco Wholesale Corporation  (COST) 
More Company Research Source: Yahoo! Finance
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
scanners at the front of warehouses in its U.S. stores, and the move is being well-received by customers, the wholesale club said Friday. During the retailer's fourth quarter earnings call, Costco CEO Ron Vachris noted that the company has used card readers at the front of its stores in Europe for more than two years now and has been piloting the system in the U.S. for roughly six months. He pointed to several ways the scanners help Costco improve operational efficiency at stores. "It gives our operators real-time traffic counts throughout the day. So, we're able to adjust front-end lines that we need to open and close lines based on the fluctuations of business," Vachris explained. "We can monitor our fresh foods a little better because we know what the traffic counts look like and so forth," he said, "and it has also taken the friction of membership verification away from the front-end registers and moved that to the front door, where we're able to look at people's membershi [Read more]
IMPACT SNAPSHOT
EVENT TIME:
COST
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Price Change
Price Change %
Volume Shares
Max Up
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Volume Ratio
%
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Performance comparison Updated
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LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
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TICKS
AVG SHARES PER TRADE
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