Walmart announces tech updates in new store

Monday 16 January 2023 13:57 CET | News

American retail corporation Walmart has announced the opening of a new store in Pennsylvania, with interactive technology to improve customer experience.


The store opened on 13 of January 2023, and it was equipped with upgraded technology that combines both online and in-person payment transactions. 

The Walmart customers benefit from a new touch-and-go form of payment, pick-up options for their online orders, express delivery, and mock bedrooms, where the shoppers can physically put together products to see how they would look in their homes. 

QR codes are present in the bedroom displays, where the clients can scan them with smart devices to see them on the company’s website. The electronic section will have digital displays that provide the customers with more information about the products they are interested in. 

The clients can also purchase a Walmart+ membership, which offers some benefits as well, such as special discounts, free memberships on some applications, or free delivery on Walmart products. 

American retail corporation Walmart has announced the opening of a new store in Pennsylvania, with interactive technology to improve customer experience.


Walmart’s development strategy

The US-based retail chain store announced multiple product launches over the past couple of months, especially near the end of 2022. They seemingly proved a visible strategy aimed at enlarging their service portfolio and adhering to new tech.

In the beginning of August 2022, Walmart announced the acquisition of Volt Systems, a technology company providing suppliers with on-demand visibility into merchandising resources. This move emphasised the company’s aim to invest in the latest technologies and services that can improve the experience of in-store shopping while anticipating the demands and needs of their customers. 

The retailer started to use the Volt System’s application, which delivers current store-level data, and actionable analytics allowing suppliers to plan, forecast, and optimise product assortment, as well as shelf intelligence.

Later in the same month, the company announced the introduction of additional perks for its Walmart+ membership programme. The Walmart+ subscription programme benefits from a new cashback offering in the form of digital rewards, that the customer can use further on during online purchases. 

The company was also allegedly looking into entering the live-streaming industry, after talking to major media outlets, such as Paramount, Comcast, and Disney. This announcement, along with the developments made on the Walmart+ membership, indicates the possibility that the American retailer might want to seek a similar path to Amazon Prime.

During December of 2022, Walmart aimed to launch a Buy Now, Pay Later (BNPL) system that would be provided through its own fintech venture. The company already offered BNPL services both online and in stores through Affirm, allowing clients to pay for their purchased products over a period of a couple of months. 

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Keywords: product launch, online payments, payments , ecommerce, payment processing
Categories: Payments & Commerce
Companies: Walmart
Countries: United States
This article is part of category

Payments & Commerce


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