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Membership Club

All articles tagged with #membership club

businesstech2 years ago•1 min saved

"Sam's Club Implements AI Cart Photos to End Receipt Checks at Exit"

Sam's Club will no longer check customers' receipts as they exit the store, opting instead to use AI technology to scan shoppers' carts and verify payment for items. The new technology, announced at the Consumer Electronics Show, is currently being piloted at select stores and is expected to be implemented in all U.S. stores by the end of the year, aiming to provide a more convenient and efficient shopping experience for members.

via KOSA|

#ai-technology #businesstech #consumer-convenience

business3 years ago•2 min saved

Costco's Strong Q4 Earnings Beat Expectations Despite Soft Sales

Costco reported quarterly earnings that exceeded expectations, with net income of $2.2 billion and earnings per share of $4.86. While comparable sales rose 1.1% year over year, they only increased by 0.2% in the U.S. E-commerce sales declined by 0.8%. The company's success in recent years can be attributed to factors such as increased home cooking and inflation, but sales trends have slowed, particularly in the U.S. market. Costco's stock has outperformed the S&P 500, rising by 21% this year.

via CNBC|

#business #costco #earnings