Tech Insider : Business
A tentative agreement between Costco and its union-member workers has been reached.
"We found that digital really enhances the speed of checkout," Costco CEO Ron Vachris said Thursday.
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Sam's Club CEO Chris Nicholas
Sam's Club CEO Chris Nicholas said he spent time stocking shelves and pricing items as a teenager in the UK.
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Shoppers walk through the new AI gateways at Sam's Club in Grapevine, TX
Shoppers walk through the new AI gateways at Sam's Club in Grapevine, Texas.
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A man pushes a shopping cart with a giant teddy bear through a blue metal entryway in a store.
Sam's Club CEO Chris Nicholas rolls his shopping cart through one of the company's AI-powered exits.
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A Costco Wholesale store in Colchester, Vermont, on November 13, 2023.
Costco added roughly 2.5 million Millennial and Gen Z household memberships last year.
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Costco shopper
Sales at Costco rocketed from zero to $3 billion in less than six years.
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A Costco Wholesale store in Colchester, Vermont, on November 13, 2023.
Costco and Sam's Club have become destinations for Gen Z shoppers who want to save money.
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Sam's Club scan and go
Sam's Club CEO Chris Nicholas said the Walmart-owned company has grown its Gen Z membership by 68% in the past two years.
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A person passes through new shopping cart scanning tech at Sam's Club.
Sam's Club says its new AI-powered exit tech is now in more than 120 locations where it's speeding up the checkout process.