Keith Fitz-Gerald, president of Fitz-Gerald Group, highlighted stocks of Costco, Palantir, and Lockheed Martin ahead of the market open.
Costco recently introduced membership card scanners in front of warehouses in its U.S. stores and is already reaping the benefits, with the initiative being well-received by customers, Wholesale Club announced Friday.
During Costco's fourth-quarter earnings conference, Costco CEO Ron Vakris said the company has been using card readers in store fronts in Europe for more than two years and has been piloting the system in the U.S. for about six months. said.
Costco credits the success of its introduction of membership card scanners at its U.S. stores. (Marine Awards/Bloomberg via Getty Images/Getty Images)
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| Fee | Costco Wholesale Co., Ltd. | 883.28 | -18.16 |
-2.01% |
He pointed to several ways the scanners can help improve operational efficiency at Costco stores.
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“This allows operators to see real-time traffic numbers throughout the day, so they can adjust the front-end circuits needed to open and close circuits based on business fluctuations,” Vachris said. explained.
Customers shop at a Costco store on Wednesday, February 28, 2024, in Teterboro, New Jersey. (Stephanie Keith/Bloomberg via Getty Images/Getty Images)
“We can now monitor fresh produce a little better because we can see what the traffic numbers and things like are like,” he said. “We've also taken the hassle of membership verification out of the front-end register and moved it to the front-end register. At the front door, we can check people's membership status.”
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The Costco chief added that the scanner also lets customers know if their membership is due for renewal before they even get to the front end of the store. “Also, the membership card scanner installed at the front door achieved our goal of speeding up checkout.” This process has been very popular with our members. ”
Customers look at food displays at a Costco branch in Colchester, Vermont, on August 16, 2024. (Photo by Robert Nickelsburg/Getty Images/Getty Images)
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The CEO also said members are “very excited” to be able to check inventory through the new Warehouse Inventory Locator tool that Costco recently introduced to some customers. mobile app.
