“Imagine having to pay $12 million per second. This is what Wal-Mart Stores, the world’s largest retailer, pays on a daily basis at its U.S. stores on cashier expenses,” Richard Saintvilus reports for TheStreet.
MacDailyNews Note: It’s not “$12 million per second,” Saintvilus likely means Wal-Mart pays cashier expenses of “$12 million per day” as he contradictingly states in his second sentence. And, yes, “contradictingly” is a brand new adverb that we just invented.
“But now it’s looking for ways to trim down on those expenses while improving arguably one of its chief weaknesses – the checkout process. To that end, it has called upon Apple to help revolutionize the way its customers shop and pay,” Saintvilus writes. “If stores are able to cut down some time during on the checkout process, not only will it benefit the consumer but it is certain to minimize loss revenue while improving margins.”
Saintvilus writes, “Walmart has embarked on a pilot program aimed at speeding up the payment process. The company asked employees that owned iPhones to participate in an exercise and simulate a shopping experience that allowed them to scan and pay for their own items. If this works it has the potential to save Walmart millions of dollars annually.”
Read more in the full article here.
Walmart tests ‘Scan & Go’ self-checkout feature for customers with Apple iPhones – August 31, 2012