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☆ Sam's Club says getting rid of physical receipt checks at the door has been a big success
▼ + stars: | 2024-04-30 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Sam's Club's new AI-powered purchase verification tech is now in more than 120 locations across the US. The Walmart-owned warehouse club says it has helped get shoppers out the door 23% faster. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementSam's Club's new verification tech, which ditches physical receipt checks for an AI-powered scan of shoppers' carts, has now been rolled out to more than 120 locations across the US. This story is available exclusively to Business Insider subscribers.

Persons: Sam's, — Organizations: Walmart, Amazon, Service, Business

☆ Aaron Taylor-Johnson's wife Sam says the attention on their 23-year age gap can be 'uncomfortable'
▼ + stars: | 2024-04-11 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

Sam Taylor-Johnson isn't fond of the public scrutiny that her age-gap relationship with Aaron Taylor-Johnson gets. AdvertisementDirector Sam Taylor-Johnson said she does not enjoy the attention she and her actor husband, Aaron Taylor-Johnson, receive over the 23-year age gap in their relationship. "There are times when it's uncomfortable," Sam told The Hollywood Reporter, referring to the scrutiny they receive for their age-gap relationship. In March, Aaron told Rolling Stone UK that he doesn't quite understand why people like to weigh in on their relationship. Aaron and Sam aren't the only celebrity couple with a big age gap.

Persons: Sam Taylor, Johnson, Aaron Taylor, —, Amy Winehouse, Sam, Aaron, Harper's, Sam isn't, James Bond, Daniel Craig, Sam aren't, Dick Van Dyke, Arlene Silver, Patrick Stewart, Sunny Ozell Organizations: Hollywood, Service, Guardian, Rolling Stone UK, Office Mojo, Business Insider

☆ A complete timeline of Sam and Aaron Taylor-Johnson's relationship
▼ + stars: | 2024-04-10 | by ( Olivia Singh | ) www.businessinsider.com time to read: +32 min

Actor Aaron Taylor-Johnson and director Sam Taylor-Johnson have been married since 2012. AdvertisementActor Aaron Taylor-Johnson, 33, and director Sam Taylor-Johnson, 57, have been together for more than a decade. 2009: Aaron proposes to Sam after wrapping the filmSam Taylor-Johnson and Aaron Taylor-Johnson in September 2009. February 2017: Aaron says that the public's fixation on their relationship is 'intrusive'Sam Taylor-Johnson and Aaron Taylor-Johnson in April 2014. March 2021: It's reported that Sam and Aaron will team up for another film togetherSam Taylor-Johnson and Aaron Taylor-Johnson in February 2019.

Persons: Aaron Taylor, Johnson, Sam Taylor, Aaron, Sam, —, Here's, John Lennon, Dave M, née Taylor, Wood, Jay Jopling, Anjelica, Jessie Phoenix, Anjelica Jopling, John Lennon's, Julia, Harper's, Sam I'd, –, Mike Marsland, IndieWire, Pascal Le Segretain, I'm, We've, Aaron didn't, Simon Hattenstone, Hattenstone, Jonathan Ross, Sam's, Wylda Rae, Peter Kramer, Wylda, R.E.M, Romy Hero, Sang Tan, Taylor, Johnson Sam Taylor, Stewart Wilson, London's, Jordan Strauss, We're, Charles Sykes, Anna Karenina, Aaron Johnson, Angus, Thongs, Tom Ford's, Eric Charbonneau, Jesus, Romy, Joel Ryan, Aaron gushes, Mr Porter, Benjamin Button, she's, HBD, Zoë Kravitz, Karl Glusman's, aron, ohnson, aron T aylor-, aid., ames, ieces', ike, elationship, aron d anced, ong, rowe, eing, ove ✍ 🏼 f, m., Jo, " Sony, ted the of, tarr, Aaron T aylor, ady, roper, I w, hie Turner, elebr, 0s, I, cott, Adve, , ', hou Organizations: Service, Nowhere, Hollywood Reporter, The Telegraph UK, Sunday Times UK, Telegraph UK, The Telegraph, Guardian, Globe, New York Magazine, Hollywood, Artist &, ust, ici, ntr Locations: Jopling, Liverpool, London, Somerset, England, Phoenix, Paris, ife, gan

☆ Department stores face another squeeze. This time, with store credit card revenue
▼ + stars: | 2024-04-10 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

For fiscal year 2023, credit card revenue totaled $619 million for Macy's and approximately $475 million for Nordstrom . The three companies do not break out how much of total credit card revenue comes from late fees. All of that adds up to dwindling credit card revenue for retailers, who can now expect to see it shrink even further. Target's credit card revenue fell to $667 million last year, down from $734 million in the prior fiscal year. Gap does not disclose credit card revenue, but its Chief Financial Officer, Katrina O'Connell, said on an earnings call that losses from late fees will be "largely offset in 2024 by other levers within our credit card program."

Persons: Robert Nickelsberg, it'll, Jane Hali, Kohl's, David Silverman, Silverman, —, Michael Fiddelke, Macy's, Adrian Mitchell, It's, Nordstrom, Katrina O'Connell Organizations: Getty Images Department, Consumer Financial, Bureau, Associates, Nordstrom, Fitch, TD Bank, Shoppers, Adobe Analytics, Citi, Sam's Locations: New York City

☆ Top Wall Street analysts like these 3 dividend stocks for passive income
▼ + stars: | 2024-04-07 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Investors can turn to the expertise of Wall Street analysts who can identify stocks with long-term growth potential and the ability to generate the solid cash flows needed to support continued dividends. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. (See Walmart Ownership Structure on TipRanks)SLBThis week's third dividend pick is oilfield services company SLB (SLB). SLB stock offers a dividend yield of 2%. (See SLB Stock Buybacks on TipRanks)

Persons: Wall, Kenneth Lee, Lee, TipRanks, Corey Tarlowe, Tarlowe, Goldman Sachs, Neil Mehta, Mehta Organizations: Walmart, Wall Street, OneMain Holdings, RBC Capital, OneMain, Jefferies Locations: Hallandale Beach , Florida, TipRanks

☆ Sam Bankman-Fried might be eating a lot of rice, almonds, and Skittles drink mix if he wants to stay vegan in prison
▼ + stars: | 2024-03-29 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried could be sent to a prison with limited vegan options, per The Wall Street Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The disgraced crypto entrepreneur could carry out his 25-year sentence at Mendota, a medium-security prison near Fresno, California, a prison consultant hired by his lawyers said. There, he might have to opt for vegan items on the prison's commissary list such as rice, almonds, and Skittles drink mix, The Wall Street Journal reported. AdvertisementUS District Judge Lewis Kaplan, who imposed Bankman-Fried's 25-year sentence on Thursday, recommended he serve it in a low- or medium-security prison near his parents' home in San Francisco.

Persons: Sam Bankman, —, Fried, Lewis Kaplan, Joel Sickler, Bill Baroni, He's, Baroni, He'll, Carmine Simpson, who's, Judge Kaplan, Sam, Simpson Organizations: Street, Service, Street Journal, Federal Bureau of Prisons, New, Metropolitan Detention, NYPD, BI Locations: Mendota, Fresno , California, San Francisco, Lompoc, Santa Barbara, New Jersey, Brooklyn

☆ It's sentencing day for Sam Bankman-Fried
▼ + stars: | 2024-03-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, disgraced crypto executive Sam Bankman-Fried finds out how long he's going to prison . Sam Bankman-Fried, the ex-CEO of FTX and former face of crypto, will be sentenced in a Manhattan courtroom today. An FTX debtor lawyer told the bankruptcy court that FTX customers and creditors "will eventually be paid in full." AdvertisementGetty Images; Alyssa Powell/BIBut according to some, FTX customers getting their money back is despite SBF, not because of him. Almost a third of young people reported using ChatGPT "for tasks at work."

Persons: —, Sam Bankman, Fried, Chelsea Jia Feng, Lewis Kaplan, E, Jean Carroll, Donald Trump, Insider's Jacob Shamsian, FTX, Alyssa Powell, John J, Ray III, SBF, What's, Bernstein, Toni Sacconaghi, they've, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Prosecutors, Big Tech, Companies, Pew, ChatGPT, Microsoft, League Baseball's Locations: Manhattan, New York, London, Chicago

☆ U.S. stocks have 'limited upside' from here, says Goldman Sachs Asset Management
▼ + stars: | 2024-03-27 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

U.S. stocks have "limited upside" from here, given the macroeconomic backdrop — and investors should be looking for better opportunities elsewhere, according to Goldman Sachs Asset Management. The U.S. economy has been surprisingly resilient in the face of the Federal Reserve's aggressive monetary policy tightening over the last two years, defying expectations of a 2023 recession. Though GSAM's base case is for the Fed to engineer a soft landing and for the U.S. economy to avoid recession, James Ashley, head of international market strategy, told CNBC on Wednesday that if a recession were to come, it would be this year. "The Fed only began to hike in March of '22, so when we're talking about recession risks in 2023, that would have assumed a very rapid passthrough from the transmission of monetary policy into the real economy. In other words, it was premature," Ashley said.

Persons: James Ashley, Ashley Organizations: Goldman Sachs Asset Management, Fed, CNBC Locations: U.S

☆ Costco and Sam's Club's smaller rival BJ's Wholesale will open more clubs in Southeast
▼ + stars: | 2024-03-27 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Similarly, club stores resonate with budget shoppers because they emphasize getting more for less. The smaller rival of Costco and Walmart -owned Sam's Club is just the latest warehouse club to share its goals for expansion. The company plans to open a dozen new clubs this fiscal year, including an already announced club in Louisville, Kentucky. Most of the Marlborough, Massachusetts-based retailer's clubs have been concentrated on the East Coast. BJ's Werner said the company's typical customer has an average household income of between $75,000 and $100,000.

Persons: Costco, BJ's, Bill Werner, Werner, Greg Melich, Melich, That's, BJ's Werner, it's Organizations: U.S, Research, Costco, Walmart, Sam's, BJ's Wholesale, Washington D.C, Evercore ISI, Kroger Locations: Burlington, Aldi, U.S, Maryville , Tennessee, Myrtle Beach , South Carolina, Palm Coast, West Palm Beach , Florida, Carmel , Indiana, Louisville , Kentucky, Midwest, Marlborough , Massachusetts, East Coast, Washington, Puerto Rico, Tennessee , Alabama, Indiana, Michigan

☆ Parent of FTX victim who lost $130,000 asks judge to go easy on SBF, suggests six years in prison versus DOJ's 40-50
▼ + stars: | 2024-03-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +7 min

Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court on August 11, 2023 in New York City. Michael M. Santiago | Getty ImagesHeather Ferguson's son lost approximately $130,000 in cash when crypto exchange FTX went bankrupt in November 2022. Ferguson's letter is part of an eleventh hour push by the defense to appeal to Kaplan's sense of leniency as the judge gears up for Bankman-Fried's sentencing hearing on Thursday. Bankman-Fried's psychiatrist, George Lerner, told Judge Lewis Kaplan in a letter in August that the former FTX CEO has a history of depression and attention-deficit/hyperactivity disorder. Without his medication, Lerner warned the judge, "Bankman-Fried will experience a return of his depression and ADHD symptoms and will be severely negatively impacted in his ability to assist in his own defense."

Persons: Sam Bankman, Fried, Michael M, Heather Ferguson's, Ferguson, District Judge Lewis Kaplan, Yesha Yadav, Dean, Kaplan, George Lerner, Lewis Kaplan, Lerner, Maria Centrella, Asperger's, Judge Kaplan, Michael Lewis's, Sam I, …, Centrella, Joe, Sam, Matt Kelly, Kelly Organizations: Manhattan Federal Court, Santiago, Getty, District, Alameda Research, Vanderbilt University, CNBC, Bankman, Autism, MIT Locations: New York City, Manhattan

☆ FTX's victims may get all their money back. The judge sentencing Sam Bankman-Fried might not care.
▼ + stars: | 2024-03-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Sam Bankman-Fried bilked FTX customers out of over $8 billion, according to prosecutors. AdvertisementAccording to federal prosecutors, Sam Bankman-Fried orchestrated one of the biggest criminal frauds in the history of the world. According to his lawyers, FTX's customers might get all their money back. According to prosecutors, Bankman-Fried was responsible for more than $11 billion in fraud overall between FTX customers and investors in FTX and Alameda Research. The recovered calculations, too, distort how much money customers are actually getting back.

Persons: Sam Bankman, —, Fried, FTX, John J, Ray III, Ray, Lewis Kaplan, Kaplan, Sarah Krissoff, Cozen O'Connor, Krissoff, it's, Sarah Silbiger, Bankman, bitcoin, Rachel Maimin, Lowenstein Sandler, Barbara Fried, Mark Cohen, Jane Rosenberg Bankman, Maiman, Maimin, Caroline Ellison Organizations: Service, FTX, Bankman, Alameda Research, US, United States, Second Circuit, U.S . House Financial, Capitol, Reuters, K5 Global, Prosecutors, Wall, REUTERS, Business, of Prisons, Alemda Research Locations: FTX, Manhattan, New Jersey, New York, Washington , U.S

Shop at Amazon Shop at DreoTyphur Sous Vide Station If you’ve been wanting to venture into the benefits of cooking with Sous Vide, Typhur’s Sous Vide Station incorporates all functions of sous vide cooking into one unit, with a built-in tank, scheduling functions, and step-by-step cooking instructions on a large LCD display. Shop at Amazon Shop at TramontinaAdvertisementSustainability and alternative materialsEco-friendly materials are at the forefront of home and kitchen design. Shop at Amazon Shop at UmbraFull Circle Grate Expectations Stainless Steel Coarse Grater with Food Catcher Full Circle should be on your radar for eco-friendly cleaning tools and hydration solutions. From earth tones and pastels to vibrant collections, you can coordinate your kitchen in monochrome hues, prints, and textures. Shop at Amazon Shop at Walmart Shop at TargetLuma Nugget Countertop Ice Maker We've been searching for a more affordable nugget ice maker, and this small appliance from Luma might be the one.

Persons: It's, Dreo ChefMaker Combi Fryer, you’ve, Zyliss, Joe Derochowski, Dyson, Brabantia Organizations: Business, Shop, kraft, Cork, Walmart, Everest

☆ Check out the pitch deck marketing tech firm Zenapse used to raise $8 million to help big brands like Sam's Club get people to shop
▼ + stars: | 2024-03-20 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMarketing-tech firm Zenapse has raised $8 million in a seed round of funding to equip marketers with tools that drive sales. Zenapse provides a marketing graph that collects anonymous data about 150 million consumers, equivalent to 3.5 billion pieces of data. In another example, marketers use Zenapse's tools to test what images and copy people respond to, which Bernardini said indicates a person's emotions and beliefs. He said Zenapse wants to differentiate itself by using AI to infer emotional data that can spit insights out to brands quickly.

Persons: —, Zenapse, Matthew Bernardini, Bernardini Organizations: Service, Business, Sam's, Prosper, Adobe, Naples Technology Ventures, Ben Franklin Technology Partners, Broad, BaseCamp Ventures Locations: Naples

☆ Sam Bankman-Fried's lawyers say prosecutors are treating their client like a 'depraved super-villain' with 'dark and megalomaniacal motives'
▼ + stars: | 2024-03-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's lawyers slammed the 40 to 50-year prison sentence prosecutors recommended. Bankman-Fried's lawyers accused prosecutors of casting him as a "depraved super-villain." AdvertisementLawyers for Sam Bankman-Fried are pushing back against the 40 to 50-year prison sentence prosecutors have recommended for their client. "It adopts a medieval view of punishment to reach what amounts to a death-in-prison sentencing recommendation," Bankman-Fried's lawyers wrote. Related storiesThis isn't the first time Bankman-Fried's lawyers have pleaded for leniency.

Persons: Sam Bankman, —, Lewis Kaplan, Fried, Marc Mukasey, Mukasey, they've, Barbara Fried, Kaplan Organizations: Service, Bankman Locations: Delaware

☆ Sam Bankman-Fried is dispensing crypto investment tips to Brooklyn prison guards: NYT
▼ + stars: | 2024-02-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried might be in jail, but the NYT reports that he's still got a finger on the pulse with crypto. Bankman-Fried has been reportedly sharing crypto investment tips with prison guards, per NYT. Bankman-Fried is reportedly giving crypto investment tips and touting investments in the cryptocurrency Solana to prison guards, The Times reported on Tuesday, citing an unnamed source familiar with the matter. Bankman-Fried, Mukasey said, should be given a shorter sentence of five to six-and-a-half years. "A sentence that returns Sam promptly to a productive role in society would be sufficient, but not greater than necessary, to comply with the purposes of sentencing," Mukasey wrote.

Persons: Sam Bankman, he's, Fried, —, Solana, Michael Lewis, Lewis, Joseph Bankman, Barbara Fried, Marc Mukasey, Mukasey, Sam Organizations: Service, New York Times, The Times, Bankman, Times, Brooklyn's Metropolitan Detention Locations: Brooklyn, Brooklyn's, Bankman

☆ An ex-cop in jail with Sam Bankman-Fried says he's eating 'disgusting-looking beans and week-old brown lettuce' because of his veganism
▼ + stars: | 2024-02-28 | by ( Kwan Wei Kevin Tan | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Read previewSam Bankman-Fried is maintaining his vegan diet in jail, but it's not going very well. Carmine Simpson, an ex-NYPD officer behind bars with Bankman-Fried, wrote a letter to US District Judge Lewis Kaplan where he pleaded for leniency on Bankman-Fried's behalf. Kaplan is set to sentence Bankman-Fried on March 28, months after the FTX founder was found guilty of seven counts of fraud and conspiracy in November. First photo of Sam Bankman-Fried in jail at MDC Brooklyn. Representatives for Bankman-Fried did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Sam Bankman, it's, Carmine Simpson, Lewis Kaplan, Kaplan, Sam, Simpson, Fried, Marc Mukasey, Joseph Bankman, Barbara Fried, Tiffany Fong, He's, I've, Fong Organizations: Service, ex, Business, MDC Brooklyn, Bankman, Business Insider

☆ FTX fraudster Bankman-Fried seeks less than 7 year sentence, claims he is at risk of 'harm and extortion' in prison
▼ + stars: | 2024-02-28 | by ( Dan Mangan | ) www.cnbc.com time to read: +7 min

Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023. "The harm to customers, lenders, and investors is zero," Bankman-Fried's lawyers wrote. The lawyers wrote that Bankman-Fried has a "neurodiversity" that "greatly affects how he perceives and is perceived." It is not a disease or a condition that needs to be cured," the lawyers wrote. "Individuals with ASD are often at considerably greater risk of physical harm and extortion in prison than other inmates," the lawyers wrote.

Persons: Sam Bankman, Fried, Joseph Bankman, Barbara Fried, Lewis Kaplan, —, Michael Milken, Damian Williams, Williams, Kaplan, Marc Mukasey, Sam, Drexel Burnham Lambert, Milken Organizations: Bankman, Alameda Research, The Manhattan U.S, PSR, Defense, Drexel, CNBC PRO Locations: New York, FTX, Manhattan, Alameda, Brooklyn , New York

☆ Sam Bankman-Fried's parents are begging a judge to keep him out of prison, warning their son's social awkwardness could put him in 'extreme danger'
▼ + stars: | 2024-02-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Bankman-Fried's lawyers filed a sentencing submission, asking for a prison sentence of no longer than 78 months — or six-and-a-half-years. The US Probation Office, which issues sentencing reports that judges typically rely on, recommended 100 years behind bars — which Bankman-Fried's lawyers called "barbaric." Advertisement"That recommendation is grotesque," Bankman-Fried's lawyers wrote. Sam Bankman-Fried's approach to veganism illustrated both his selflessness and awkwardness, his younger brother, Gabriel Bankman-Fried, wrote in a letter to the judge. In the sentencing submission, Bankman-Fried's lawyers argue that "the most reasonable estimate" for how much his victims lost was "zero."

Persons: —, Sam Bankman, Barbara Fried, Joseph Bankman, Gabriel Bankman, neurodiversity, Sam, Bankman, Lewis Kaplan, Fried, Jane Rosenberg, FTX, Michael M Santiago, Carmine Simpson, Simpson, That's, Gabriel, Seth Wenig, Marc Mukasey, Torrey Young, weren't, Barbara Fried —, John J, Ray III, John Ray Organizations: Service, Business, US, Prosecutors, Alameda Research, Office, Stanford Law, MIT, Wall, of Prisons, San, United, AP Locations: Manhattan, FTX, Brooklyn, Bahamas

☆ Spending in Shenzhen: Chinese used to escape to this former British colony. Now Hongkongers are heading in the opposite direction
▼ + stars: | 2024-02-24 | by ( Chris Lau | Veronica Lin | ) edition.cnn.com time to read: +13 min

Hong Kong CNN —With Hong Kong’s sky-high cost of living, residents like Andy Tsui have been looking for alternative ways to have more fun and spend less. Rather than spending his cash in his hometown of Hong Kong, he’s been crossing the border into mainland China to splurge instead. Such trips are noteworthy because, for much of Hong Kong’s modern history, the traffic has been largely — conspicuously, even — in the other direction. Hong Kong used to be the place where Chinese would escape to, not from. In 2023, just 26 million mainlanders — about half of the 2018 crowd — visited Hong Kong.

Persons: Andy Tsui, he’s, boba, ” Tsui, Justin Robertson, Noemi Cassanelli, CNN Hong Kong’s, Hong Kong —, misbehaving, —, ”, Steve Tsang, Hong, Shenzhen’s, Hongkongers, Gilles Sabrie, Hongkonger Eddy Lam, Lam, Cherrie Leung, Qilai Shen, Hugo Sin, “, Gary Ng, John Lee, Tsang Organizations: Hong Kong CNN, CNN, Shoppers, Yuen, Britain, Newspapers, Hong, Hong Kong Immigration Department, China Institute, SOAS University, Huawei, Tencent, Bloomberg, Getty, Sam’s Club, Costco, Sam’s, Walmart, Hong Kong, Shenzhen hasn’t, Xinhua, RTHK, SOAS University of London Locations: Hong Kong, China, splurge, Peking, Shenzhen, East, Hong, People’s Republic of China, British, Beijing, London, Bay Area, San Francisco , New York, Tokyo, Kowloon, Coco, Shanghai, “, Inner Mongolia, Taiwan, Japan, Mainland China, Hong Kong’s, Britain, Canada, Australia, Bay, ”

☆ Walmart beats Wall Street’s holiday expectations as e-commerce sales soar
▼ + stars: | 2024-02-20 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

In this article WMT Follow your favorite stocks CREATE FREE ACCOUNTwatch nowWalmart said Tuesday that quarterly revenue rose 6%, as shoppers turned to the big-box retailer throughout the holiday season and the company's global e-commerce sales grew by double digits. Yet, he said even after the holiday rush, Walmart saw continued sales strength. Walmart said it expects consolidated net sales to rise 4% to 5% in its fiscal first quarter. Comparable sales, an industry metric also known as same-store sales, rose 4% for Walmart U.S. At Sam's Club, comparable sales increased 1.9%, including fuel. Global e-commerce sales jumped 23% year over year, topping $100 billion in total.

Persons: John David Rainey, Rainey, Walmart's, Doug McMillon, McMillon Organizations: Walmart, CNBC, Electronics, LSEG, Walmart U.S, Sam's Club, Global, Home Locations: U.S

☆ Sam's Club CEO wants to use AI-powered cart scanners to ring you up automatically
▼ + stars: | 2024-02-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

The high-tech system uses computer vision to recognize the contents of Sam’s Club members shopping carts to confirm their purchases as they exit the warehouse — dispensing with the need for physical receipt checks. Currently installed in 10 stores, the big blue gateways are already a hit with customers, Sam’s Club CEO Chris Nicholas said on Walmart’s fourth-quarter earnings call Tuesday. Sam’s Club is a Walmart-owned company. AdvertisementSam's Club uses computer vision and AI to confirm purchases in shoppers' carts in real-time. Sam's Club US's chief merchant, Megan Crozier, even threw some shade at the small-format tech during the company’s presentation at the Consumer Electronics Show in Las Vegas.

Persons: —, Chris Nicholas, Megan Crozier, Doug McMillon, ”, Sam's Club's Nichols, Nicholas Organizations: Service, Sam's, Sam’s Club, Business, Sam’s, Walmart, US's, Consumer Locations: Las Vegas

☆ Walmart to buy TV maker Vizio for $2.3 billion in move to grow its ad business
▼ + stars: | 2024-02-20 | by ( Jacob Pramuk | ) www.cnbc.com time to read: +2 min

Walmart has agreed to buy TV maker Vizio , the companies announced Tuesday, as the largest U.S. retailer grows its high-profit ad business. Walmart will acquire Vizio for $2.3 billion, or $11.50 per share, in cash. But in buying the company, Walmart touted the potential to boost its ad business through Vizio's SmartCast Operating System, which allows users to stream free ad-supported content on their TVs. As it pushes for higher profits, the retail titan has tried to expand its media business Walmart Connect, which comes with bigger profit margins than selling groceries or clothing. In a news release, Walmart said Vizio's SmartCast system has 18 million active accounts.

Persons: Seth Dallaire Organizations: Walmart, Vizio, Walmart Connect, Walmart U.S, CNBC PRO Locations: Secaucus New Jersey, U.S

Fran Horowitz, Abercrombie & Fitch CEO: The future of retail is small, efficient, omni stores, and they're located where the customer tells us. I get really, really excited about what this means in the operations of the business, using predictive analytics to help us forecast demand. They're worldwide, a zillion stores, and their operations and execution, aside from their merchandising, I think they're always on top of the game. I think you're going to see an interaction with someone in a setting that doesn't look like retail, but looks like a fantastic experience. Nicholas of Sam's Club: Another retail standard that is really going to be important beyond the customer is energy.

Persons: Christina Locopo, Fran Horowitz, Abercrombie, Patrick MacLeod, WWD, Michelle Gass, Levi Strauss, they're, Jens Grede, Geoffroy van Raemdonck, Neiman Marcus, there'll, Trina, Patrick T, Fallon, Chris Nicholas, Kara Trent, Levi's Gass, Tom Ward, Erin Black, CNBC Abercrombie's Horowitz, Marc Lore, Mickey Drexler, TikTok, Adam Jeffery, Dave Kimbell, It's, Scott Mlyn, CNBC Neiman's van, you've, Yael Cosset, —, Ulta's, Arturo Holmes, Trent, That's, we've, Kroger's, Abercrombie's Horowitz, I've, Dia Dipasupil, Neiman's van, who's, Lulu, Drexler, Armour's, Dior, Louis Vuitton, Hermes, Armour Levi's Gass, Emma Grede, Kardashian, Kim, Geoffroy van Raemdonck Patrick Mckleod, Nicholas of Organizations: CNBC, Abercrombie, Fitch, Abercrombie & Fitch Co, Penske Media, Getty, Milken Institute Global Conference, AFP, Sam's, Technology, Walmart U.S, Walmart, New York Times, Navy, WWD, Young, Nike, TJX, Zara, Armour's Trent, Americas, Nicholas of Sam's, Sam's Club Locations: they're, Beverly Hills , California, New York City, America, New York, U.S, Skims, Inditex, Kara, Walmart's

☆ I canceled my BJ's and Sam's Club memberships when Costco opened 40 minutes away. It's now the only warehouse I shop at for my family.
▼ + stars: | 2024-02-15 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

When Costco opened 40 minutes away, I canceled my other warehouse memberships and never looked back. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The trip seemed just a bit too far so my family and I looked for other warehouse-store alternatives. Sam's Club and BJ's Wholesale Club were only about 15 to 20 minutes away so, over the course of six years, I shopped at the two stores. This story is available exclusively to Business Insider subscribers.

Persons: —, I've Organizations: Costco, Products, Kirkland, Protein, Service, Sam's, BJ's Wholesale, Business Locations: Northeast, Central Florida

☆ I tried California rolls from 5 grocery stores to find the best quick lunch. Whole Foods let me down.
▼ + stars: | 2024-02-12 | by ( Amena Ahmed | ) www.businessinsider.com time to read: +1 min

I bought premade sushi from five grocery stores to see which had the best California roll. Although ShopRite and Giant offered delicious-looking sushi rolls, they weren't my favorite. Sam's Club's sushi had tasty imitation crab and fresh avocado, which earned it the top spot. Luckily, some popular grocery chains sell packages of premade sushi, and I was determined to find the best-tasting California roll available near me. Here's how all the premade sushi rolls ranked from worst to best.

Persons: — Organizations: Service, Sam's, Foods Locations: California

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