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☆ It looks like high-income shoppers are becoming increasingly loyal to Walmart
▼ + stars: | 2024-02-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Walmart is cutting prices on essentials like eggs and breadInflation has cooled in recent months after soaring during the pandemic. "Some of this is the result of customer acquisition becoming more modest, and some is because of the continued financial pressure on core Walmart shoppers which is seeing them cut back on non-essential spending," he wrote. Saunders noted that lower levels of inflation would make it harder for Walmart to acquire new customers. "This essentially puts Walmart in the position of having to work far harder and more creatively to generate growth," he wrote.

Persons: Walmart's, —, John David Rainey, Rainey, Neil Saunders, Saunders, Doug McMillon, McMillon, John Furner, Furner Organizations: Walmart, Service, GlobalData, Bureau of Labor Statistics, Shoppers

☆ Jim Cramer says buy Capital One stock after blockbuster deal for Discover
▼ + stars: | 2024-02-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Walmart : The largest U.S. retailer reported a strong holiday quarter Tuesday, with sales rising 6% in three months ended Jan. 31. The decline comes after Walmart announced a deal to acquire TV maker Vizio for $2.3 billion. "I would point out, just so people know," that Walmart says the deal is slightly dilutive to near-term earnings per share, "which surprised me," Jim said. Capital One : The company on Monday announced an all-stock deal , valued at $35.3 billion, to acquire credit card rival Discover Financial Services . "Buried within Discover is a payments system that may be unrivaled, that [Capital One CEO] Richard Fairbank can put to work," Jim said, reiterating his call to buy Capital One stock into Tuesday's weakness.

Persons: Wall, Jim Cramer, Jim, Doug McMillon, Richard Fairbank Organizations: Walmart, Intel, Science, AMD, Discover Financial Services, Capital Locations: U.S, California

☆ Strong earnings and an online advertising play by Walmart have us wondering about Costco
▼ + stars: | 2024-02-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Sectors leading: Consumer staples were outperforming, led by Dow stock Walmart 's 3.5% gain. Jim Cramer said, "Walmart has tried to keep prices down, but Costco is lowering across the board. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Jensen Huang, Eaton, Bausch, Jim Cramer's Organizations: CNBC, Dow, Walmart, Costco, Semiconductor, Computer, Nvidia, Caterpillar, Palo Alto Networks, Realty, Bausch Health Companies, Jim Cramer's Charitable Locations: We're, homebuilding, BLCO

☆ 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

☆ Stocks making the biggest moves midday: Nvidia, Walmart, Discover Financial and more
▼ + stars: | 2024-02-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Semiconductor stocks — Popular semiconductor stocks declined during midday trading, with Nvidia dropping more than 6% ahead of its Wednesday print. Walmart — Shares climbed more than 3% and notched a new all-time high on Tuesday following the retailer's earnings report . Discover Financial — Shares of the credit card issuer soared 14% after it agreed to be acquired by Capital One Financial in a $35.3 billion all-stock deal. The Wall Street firm said investors should take some profits after the stock rallied more than 25% over the past year. Medtronic — Shares advanced 2.5% after the medical device company surpassed Wall Street estimates for both top and bottom lines in its fiscal third quarter.

Persons: Rosenblatt, Vizio, Bernstein, Medtronic, Piper Sandler, Yun Li, Alex Harring, Jesse Pound, Tanaya, Hakyung Kim, Brian Evans Organizations: Semiconductor, Nvidia, Computer, Micro Devices, Marvell Technology, Walmart, Discover, Capital, Caterpillar —, Depot, Barclays — U.S, Barclays, Alaska Air, Southwest Airlines, Deutsche Bank, Wall, FactSet, Foods, Arm Holdings Locations: U.S, British

☆ Walmart Reports Rising Holiday Sales as Shoppers Seek Value
▼ + stars: | 2024-02-20 | by ( Jordyn Holman | More About Jordyn Holman | ) www.nytimes.com time to read: +2 min

The NumbersWalmart said its comparable store sales were up 4 percent in the three months that ended in late January compared with the year before. In addition to its same-store sales, Walmart said its U.S. e-commerce business increased 17 percent. At the same time, many retailers, including Walmart, focused on value last year as the economy cooled and shoppers became more selective. The Road AheadAnalysts expect retail sales to continue to moderate this year after a surge in consumer spending during the early stages of the pandemic. U.S. retail sales fell 0.8 percent in January from a month earlier, according to data released from the Commerce Department last week.

Persons: John David Rainey Organizations: Walmart, Target, Kroger, National Retail Federation, Analysts, Commerce Department Locations: U.S

☆ 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

☆ Stocks making the biggest moves premarket: Home Depot, Walmart, Intel, Arm Holdings and more
▼ + stars: | 2024-02-20 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Rosenblatt's price target is now the highest forecast for the stock on Wall Street. Caterpillar — Shares pulled back 2% following a downgrade to in line from Evercore ISI, which noted concern over a longer-than-expected outlook for earnings growth. Analyst Brian Mullan hiked his price target on US Foods to $59 from $45, or roughly 19% upside from Friday's closing price of $49.58. Capital One stock pulled back more than 4%. Arm Holdings — Stock in the chipmaker slid about 4% as investors pulled back bets on the stock after its massive rally .

Persons: Rosenblatt, FactSet, Piper Sandler, Brian Mullan, Biden, — CNBC's Pia Singh, Sarah Min, Michelle Fox, Jesse Pound Organizations: Walmart, LSEG, Revenue, Caterpillar —, ISI, Foods, Intel —, Bloomberg, Discover Financial, Capital, Arm

☆ 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

☆ Five moves Walmart is making to overhaul its business for the future
▼ + stars: | 2024-02-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

New York CNN —Walmart, the global mega-retailer that began in Arkansas in 1962, is making huge moves in 2024. It’s making investments in technology and inventory that move it into new businesses and which will alter the Walmart experience of many customers. Stock splitThe mega-retailer announced a 3-for-1 stock split that takes effect this week. A stock split means a single share gets split into multiple shares. Under the plan Walmart announced, people who own shares by close of business on February 22 will get two additional new shares of Walmart for every share they own.

Persons: Doug McMillon, Jeffries, “, ”, McMillon, Burt Flickinger, Blake Droesch, CNN’s Parija Kavilanz, Nathaniel Meyersohn, Elisabeth Buchwald, Alicia Wallace Organizations: New, New York CNN, Walmart, ”, Labor, Consumer, Microsoft, Strategic Resource, CNN, Costco, Telsey Group, Target, Intelligence, FactSet Locations: New York, Arkansas, Las Vegas

Stocks fell Tuesday as Nvidia led a broader tech decline ahead of the chipmaker's earnings report. Shares of Nvidia , which is set to report earnings Wednesday after the bell, fell more than 5%. Although Nvidia is expected to post impressive results, investors have expressed concerns about its sky-high valuation. Walmart shares added more than 4% after the big-box retailer also beat quarterly earnings and revenue expectations, fueled by double-digit growth in the company's global e-commerce sales. Tuesday kicks off the shortened trading week after U.S. markets were closed Monday in observance of the birthday of George Washington.

Persons: Stocks, Sam Stovall, George Washington Organizations: New York Stock Exchange, Nvidia, Dow Jones, Nasdaq, Microsoft, Meta, CFRA Research, Discover Financial Services, Discover, Walmart, Federal Reserve

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

☆ Side hustles are becoming young people's safety net amid so much economic uncertainty
▼ + stars: | 2024-02-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at why side hustles are all the rage these days . Call it “overemployed light,” but working side jobs for some extra income is en vogue, especially for young people. For as much energy as they put into eliciting change, they also view their job as… just a job.

Persons: —, I've, Andrew Hollenhorst, we’re, hasn’t, Gen Zer, Jackie Mitchell, Mitchell, Business Insider’s Madison Hoff, Michell isn’t, Zers, don’t, Z, Eve Upton, Clark, Keida Dervishi, Jeremy Grantham, ” Grantham, Riley Wealth's Paul Dietrich, Bryan Erickson, Craig Hastings, Isabel Fernandez Pujol, Oppenheimer, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Citi, Boston Globe, Labor, Getty, Netflix, Walmart Locations: California, TikTok, New York, London

☆ Evercore ISI says sell these two retail giants ahead of earnings on the shaky consumer
▼ + stars: | 2024-02-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Evercore is moving to the sidelines on Target and Walmart due to potentially weaker consumer spending. Housing costs remain high, the analyst said, which could hurt consumer spending. Shares of Walmart have ticked up roughly 7% from the start of the year, while Target stock has climbed more than 2%. Evercore maintains an in line rating on Target stock with a $156 per share price target, or about 7% upside. On Walmart, Evercore is standing by an outperform rating with a $182 per share price target, which represents roughly 8% upside.

Persons: Evercore's cautiousness, Greg Melich, Melich, Evercore, — CNBC's Michael Bloom Organizations: Target, Walmart, Evercore

☆ Walmart's facial ID tool to combat fraudulent Spark delivery drivers is kicking legitimate workers off the app
▼ + stars: | 2024-02-02 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

BI spoke with another Walmart Spark worker who said they were deactivated immediately after trying to complete the identity verification late last year. AdvertisementGig workers for apps like Spark, Instacart, DoorDash, and Grubhub often have their accounts suspended with little notice or explanation. The rollout comes after some Walmart Spark drivers were found using multiple accounts under false identities to claim more orders and make more money. "The third-party identity verification tool is working as intended. "My account was deactivated after the identity verification," one post from November on r/Sparkdriver reads.

Persons: Chastity Lopez, Lopez, she's Organizations: Walmart, Drivers Locations: New York, Alabama

☆ Jim Cramer's top 10 things to watch in the stock market Wednesday — tech earnings edition
▼ + stars: | 2024-01-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

We raised our Club price target on Microsoft to $450 per share from $400 following Tuesday's after-the-bell earnings. We increased our Club price target on Alphabet to $160 per share from $140. However, we lowered our Club price target to $115 per share from $125 to reflect the challenges ahead. The slide in Alphabet increased our Club price target on Alphabet to $160 per share from $140. Dow stock Walmart 3-for-1 stock split as shares stand a couple of dollars below all-time high of nearly $170 each.

Persons: what's, Jerome Powell, I've, Max, Tesla, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Dow, Federal Reserve, ADP, Microsoft, Google, Starbucks, Devices, Club, Nvidia, AMD, Boeing, Walmart, Elon Musk's, Twitter, Jim Cramer's Charitable, CNBC, Micro, Tesla

☆ Walmart just split its stock. History shows what will happen next with the megacap
▼ + stars: | 2024-01-31 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Walmart 's plan to split its stock into three pieces should do nothing for the underlying strength of the retail giant's business, but history suggests the move might make shareholders richer anyway. "Stocks have historically outperformed the market immediately following the split announcement, as well as 6-months following the split effective date. In the six months after the effective date, the newly split shares outperformed the index by 4.7%. Walmart stock closed at $165.59 per share on Tuesday, less than $5 from its all-time high. For Walmart specifically, Oppenheimer analyst Rupesh Parikh said in a note to clients on Wednesday that the stock split is just a reassurance that the company is on the right track.

Persons: Outperformance, Morgan Stanley, Boris Lerner, Lerner, Oppenheimer, Rupesh Parikh, Parikh, — CNBC's Michael Bloom Organizations: Walmart

☆ Walmart to Add 150 Stores in Five Years in Big Expansion Drive
▼ + stars: | 2024-01-31 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: 1 min

Walmart will add 150 stores in the United States over the next five years, a major expansion drive for the retail giant. Walmart employs roughly 1.6 million people in the United States, and said it hires hundreds of people each time it opens a new store. Walmart had just over 4,600 stores at the end of October 2023. Most of the stores Walmart plans to open in the coming years will be newly built, while others will be conversions of existing locations to new formats. The first two new stores will open in the spring, in Florida and Georgia, and the company is finalizing construction plans for 12 other stores this year.

Organizations: Walmart Locations: United States, U.S, Florida, Georgia

☆ Walmart's stock split only shows how rare they've become in the past 20 years
▼ + stars: | 2024-01-31 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Walmart 's decision to split its stock 3-for-1 has revived an old debate: when is the right time to split a stock? There's no clear answer to this, but one fact is clear: stock splits are far less common than 20 or 30 years ago. That's likely because the institutional base for stock ownership has come to dominate the market. What effect does a stock split have on trading? More than 400,000 associates participate in Walmart's Associate Stock Purchase Plan today, which allows eligible associates to buy stock conveniently through payroll deductions and provides a 15% company match on the first $1,800 each year."

Persons: Sam Walton, Doug McMillon, Sam Organizations: Walmart, Institutional, Palo Alto Networks, Nvidia, Apple

☆ Walmart announces 3-for-1 stock split as shares hover below all-time high
▼ + stars: | 2024-01-30 | by ( Jacob Pramuk | ) www.cnbc.com time to read: +1 min

Walmart announced a three-for-one stock split on Tuesday as the retailer's shares sit just below their all-time high. Walmart said it chose to break up shares in part to allow more employees to buy into its stock purchase plan. Walmart shares rose about 1% in extended trading. Walmart shares have climbed about 5% this year. The stock split comes as Walmart tries to boost employee benefits and loyalty.

Persons: Doug McMillon Organizations: Walmart, CNBC PRO Locations: U.S

☆ Walmart is selling a $248 dupe of a cozy West Elm swivel chair that costs $899
▼ + stars: | 2024-01-30 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Walmart is selling a dupe of a pricey West Elm swivel chair. Walmart's Mira Velvet Swivel Chair costs $248, while West Elm's Cozy Swivel Chair costs as much as $899. AdvertisementOn Monday, Apartment Therapy's Morgan Pryor noted that the swivel chair sold at Walmart is a near-identical dupe to West Elm's Cozy Swivel Chair. The West Elm Cozy Swivel Chair. The West Elm Cozy Swivel Chair for $899.

Persons: Walmart's, Cozy, —, @guiliannagm, Therapy's Morgan Pryor, Stanley Organizations: Walmart, West, Service, Gardens, Shoppers, Twitter, Costco, Sam's Club Locations: Elm

☆ Sports investing has taken off, but the biggest prize in the industry remains almost untouchable
▼ + stars: | 2024-01-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 3 things in marketsJim Esposito, Goldman Sachs' head of global markets and banking, is set to retire from the bank, the firm said Monday. Jim Esposito is leaving Goldman Sachs after nearly 30 years. While he didn't share his next move, he told peers he'd "bleed Goldman Sachs forever." Goldman Sachs says rate cuts need to be on the menu in March.

Persons: —, Brooks Koepka, Rory McIlroy, Keyur Khamar, Marc Lasry, Steve Cohen, Aaron Mok, LeBron James, — Arthur Blank, Gerry Cardinale, Goldman Sachs, who's, Lasry, Cohen, Point72, it's, Patrick Smith, Peacock, David Tepper, Jim Esposito, We've, he'd, Jean Boivin, David Mericle, NurPhoto, Getty, Javier Zayas, Kevin Winter, Tyler Le, Critics, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Costco, Getty, PGA Tour, Fenway Sports Group, NFL's Atlanta Falcons, Capital Group, Milwaukee Bucks, New York Mets, NFL, Denver Broncos, Washington, Washington Post, Kansas City Chiefs, San Francisco 49ers, Carolina Panthers, BlackRock, Spotify, Apple, Google, Entertainment, Netflix, Studios, HBO, Disney, Walmart, Microsoft, Business Locations: Vegas, BlackRock, New York, London

☆ Kroger, Albertsons, and Instacart are all racing to snap up an $11 billion chunk of the retail media market
▼ + stars: | 2024-01-30 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +3 min

Offsite ads currently make up about 15% of retail media spend and are expected to make $11 billion this year, according to Insider Intelligence, increasing to $24 billion by 2027. Kroger works with adtech firms like Magnite, PubMatic, and OpenX to sell streaming ads targeted with retail data. Retailers are riding the death of cookies and streaming TVBy increasing the audiences that see their ads, retailers are betting they can seize two major opportunities. "When cookies come out of the marketplace, where retail media shines is that we all offer large audiences of real people doing real things," said Kristi Argyilan, SVP of retail media at Albertsons Companies. Using retail data, they can target specific groups — like moms who buy specific products at the grocery store every week.

Persons: —, It's, Andrew Lipsman, Roku, Kroger, Lipsman, Kristi Argyilan, Cara Pratt Organizations: Service, Intelligence, Business, Walmart, Brands, Albertsons Companies, Disney, Kroger Precision Marketing

☆ Cramer: Earnings take center stage this week, but don't sleep on the Fed and Treasury
▼ + stars: | 2024-01-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

It's ironic: We are at a moment where supply of money and demand for goods are intersecting. We have two markets: the Treasury market and the equity market, with the first more powerful than the second, even if we can't tell that in the scrum of earnings announcements. If the Fed signals more rate cuts, then we will be set up for higher stock prices if the companies deliver good earnings. The possibility of higher earnings so far has been controlled by supply and demand and the disinflation it is breeding, which may continue this week. Hence the power of their earnings to generate the mask of a higher market price-to-earnings ratio.

Persons: We've, Josh Frost, —, disinflation, Tesla, Amy Hood, McCormick, Costco's Kirkland, Jerome Powell doesn't, Price, it's, Dupont —, Dupont, Josh Frost —, Jim Cramer's, Jim Cramer, Jim, Jerome Powell, Brendan Mcdermid Organizations: Treasury, Federal Reserve, Devices, Microsoft, Apple, Financial Markets, Nvidia, Google, Walmart, Starbucks, Fed, Caterpillar, Boeing, Jim Cramer's Charitable, CNBC, New York Stock Exchange

☆ Self-checkout is alienating shoppers, new research finds
▼ + stars: | 2024-01-24 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Read previewSelf-checkout might make shoppers feel less loyal to a store, according to new research. One asked shoppers about their recent grocery-buying habits, including whether they used a self-checkout kiosk or were rung up by a human employee. In it, some shoppers read a short passage about how doing something themselves is rewarding before paying for groceries using self-checkout. But technology aimed at catching shoplifters using self-checkout has caused confrontations between Walmart employees and innocent customers, Business Insider reported. Do you work at a store with self-checkout and have a story idea to share?

Persons: —, Yanliu Huang, Farhana Nusrat, Huang, Nusrat, She's, Todd Vasos Organizations: Service, Business, Kroger, Costco, Drexel University's LeBow College of Business, Drexel, University of San, Walmart Locations: University of San Diego, Albuquerque , New Mexico

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