If you're planning to shop on Black Friday, you may want to check out a cashierless store. Sam's Club, a digital-led warehouse membership group, partnered with Allyson Felix and Usain Bolt, to promote its updated proprietary technology "Scan and Go."
Scan and Go lets shoppers keep track of items they want to purchase and skip the checkout line at Sam's Club, a division of Walmart ($WMT). Cashierless stores were popularized by Amazon Go stores, but the tech company isn't the only player.
"One thing we know in retail is that people want to do two things: they want to save time and they want to save money," Tony Rogers, senior vice president for Sam's Club, told Cheddar.
"In general, what we're trying to do is eliminate friction," he said, touting the speed of the experience. "We wanted to talk about it, and we thought … who exemplifies speed better than Usain Bolt and Allyson Felix?"
The store began using scanning technology a few years ago, but has been updating the software, including adding the ability to scan the entire item instead of just the barcode, which could potentially save more than five seconds on each item.
Sam's Club opened its first cashierless store in Dallas last year.
Rogers said the company is focused on implementing and continuing to update its scanning technology, and that the company may be interested in licensing its technology in the future.
"Inside the company, there's a real tech vibe," he said.
Construction of new homes rose by double digits in November, according to data from the Commerce Department.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks opened lower after the opening bell and on track for its first decline in 10 days after a recent winning streak.
Tesla drivers in the U.S. were in more accidents than drivers of any other car brand this year, according to a study.
The promise of self-checkout was alluring: Customers could avoid long lines by scanning and bagging their own items, workers could be freed of doing those monotonous tasks themselves and retailers could save on labor costs.
Monsanto was ordered to pay $857 million to students and parent volunteers at a Washington school.
A federal judge has struck down hundreds of lawsuits filed against the makers of Tylenol and generic acetaminophen.
California regulators are preparing to vote on new rules for turning recycled wastewater into drinking water.
Hackers accessed Xfinity customers’ personal information by exploiting a vulnerability in software used by the company, the Comcast-owned telecommunications business announced this week.
Some folks want to leave the cold for a quick getaway. Bobby Laurie, travel expert, joined Cheddar News to provide tips on how and when to look for a winter escape.
