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Walmart Is Digitizing 4,600 Store Shelves | Fast Five Shorts · Omni Talk Retail

• 0:00
  Walmart
• 0:00
  is
• 0:00
  expanding
• 0:01
  its
• 0:01
  digital
• 0:01
  shelf
• 0:02
  label
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  technology
• 0:03
  to
• 0:03
  all
• 0:03
  4,600
• 0:04
  of
• 0:04
  its
• 0:04
  US
• 0:05
  stores,
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  completing
• 0:06
  what
• 0:06
  is
• 0:06
  likely
• 0:07
  the
• 0:07
  single
• 0:07
  largest
• 0:08
  electronic
• 0:09
  shelf
• 0:09
  label
• 0:10
  rollout
• 0:10
  in
• 0:10
  history.
• 0:11
  According
• 0:12
  to
• 0:12
  numerous
• 0:13
  sources,
• 0:13
  roughly
• 0:13
  2,300
• 0:14
  Walmart
• 0:14
  locations
• 0:15
  are
• 0:15
  already
• 0:16
  running
• 0:16
  digital
• 0:16
  shelf
• 0:17
  labels
• 0:17
  supplied
• 0:17
  by
• 0:17
  Vuzion.
• 0:18
  For
• 0:18
  those
• 0:19
  that
• 0:19
  know
• 0:19
  us
• 0:19
  well,
• 0:20
  is
• 0:20
  a
• 0:20
  longtime
• 0:20
  sponsor
• 0:21
  of
• 0:21
  our
• 0:21
  work
• 0:21
  here
• 0:21
  at
• 0:21
  omnitalk.
• 0:22
  I
• 0:22
  have
• 0:22
  to
• 0:22
  single
• 0:23
  that
• 0:23
  out
• 0:23
  and
• 0:23
  the
• 0:24
  chain
• 0:24
  now
• 0:24
  expects
• 0:25
  the
• 0:25
  technology
• 0:25
  to
• 0:25
  be
• 0:26
  chain
• 0:26
  wide
• 0:26
  within
• 0:26
  the
• 0:26
  next
• 0:27
  year.
• 0:28
  The
• 0:28
  system
• 0:28
  allows
• 0:28
  associates
• 0:29
  to
• 0:29
  manage
• 0:29
  price
• 0:29
  changes
• 0:30
  through
• 0:30
  a
• 0:30
  centralized
• 0:30
  platform
• 0:31
  using
• 0:31
  a
• 0:31
  mobile
• 0:31
  app.
• 0:32
  What
• 0:32
  used
• 0:32
  to
• 0:33
  take
• 0:33
  days
• 0:33
  of
• 0:33
  manual
• 0:34
  paper
• 0:34
  tag
• 0:34
  swaps
• 0:34
  can
• 0:35
  now
• 0:35
  be
• 0:35
  done
• 0:35
  in
• 0:35
  hours,
• 0:36
  freeing
• 0:36
  associates
• 0:37
  to
• 0:37
  focus
• 0:37
  on
• 0:37
  customer
• 0:38
  service.
• 0:39
  Two
• 0:39
  features
• 0:40
  stand
• 0:40
  out
• 0:40
  operationally.
• 0:41
  One,
• 0:41
  Stock
• 0:42
  to
• 0:42
  Light,
• 0:42
  which
• 0:42
  uses
• 0:43
  LED
• 0:43
  guidance
• 0:43
  to
• 0:43
  help
• 0:44
  associates
• 0:44
  pinpoint
• 0:45
  exactly
• 0:45
  where
• 0:45
  items
• 0:46
  need
• 0:46
  restocking
• 0:47
  and
• 0:47
  two,
• 0:47
  Pick
• 0:48
  to
• 0:48
  Light
• 0:48
  which
• 0:49
  helps
• 0:49
  fulfill
• 0:49
  online
• 0:50
  orders
• 0:50
  faster
• 0:50
  and
• 0:51
  more
• 0:51
  accurately.
• 0:52
  Walmart
• 0:52
  has
• 0:53
  been
• 0:53
  explicit
• 0:53
  as
• 0:54
  well
• 0:54
  and
• 0:54
  this
• 0:54
  is
• 0:54
  important
• 0:55
  that
• 0:55
  the
• 0:55
  labels
• 0:55
  will
• 0:55
  not
• 0:56
  be
• 0:56
  used
• 0:56
  for
• 0:56
  dynamic
• 0:57
  or
• 0:57
  surge
• 0:57
  pricing.
• 0:58
  The
• 0:58
  system
• 0:59
  operates
• 0:59
  on
• 0:59
  a
• 0:59
  closed
• 1:00
  loop,
• 1:00
  does
• 1:00
  not
• 1:00
  track
• 1:01
  shoppers
• 1:01
  and
• 1:01
  does
• 1:02
  not
• 1:02
  collect
• 1:02
  personal
• 1:03
  data.
• 1:03
  Jen,
• 1:05
  we
• 1:05
  are
• 1:05
  starting
• 1:06
  off
• 1:06
  hot
• 1:07
  this
• 1:07
  morning.
• 1:08
  You
• 1:08
  get
• 1:08
  the
• 1:08
  A
• 1:09
  and
• 1:09
  M
• 1:09
  put
• 1:09
  you
• 1:09
  on
• 1:09
  the
• 1:10
  spot
• 1:10
  question
• 1:10
  right
• 1:11
  out
• 1:11
  of
• 1:11
  the
• 1:11
  get
• 1:11
  go
• 1:12
  and
• 1:12
  let
• 1:12
  me
• 1:12
  just
• 1:13
  tell
• 1:13
  you
• 1:13
  it's
• 1:13
  a
• 1:14
  doozy.
• 1:14
  So
• 1:15
  here
• 1:15
  it
• 1:15
  is.
• 1:16
  The
• 1:16
  question
• 1:16
  is
• 1:17
  together
• 1:18
  we
• 1:18
  vocalize
• 1:19
  strong
• 1:19
  excitement
• 1:19
  around
• 1:20
  the
• 1:20
  industry's
• 1:20
  introduction
• 1:21
  of
• 1:21
  digital
• 1:21
  self
• 1:22
  labels
• 1:22
  and
• 1:22
  specifically
• 1:23
  during
• 1:23
  Walmart's
• 1:24
  rollout.
• 1:24
  Given
• 1:25
  their
• 1:25
  leadership
• 1:25
  position
• 1:26
  here,
• 1:26
  how
• 1:27
  do
• 1:27
  you
• 1:27
  expect
• 1:27
  Walmart
• 1:28
  to
• 1:28
  most
• 1:28
  likely
• 1:29
  leverage
• 1:29
  the
• 1:29
  labor
• 1:30
  time
• 1:30
  savings
• 1:31
  touted
• 1:31
  by
• 1:31
  the
• 1:31
  technology
• 1:32
  imbalance
• 1:33
  between
• 1:33
  reinvesting
• 1:34
  into
• 1:34
  in
• 1:34
  store
• 1:35
  execution
• 1:35
  versus
• 1:36
  capture
• 1:36
  actual
• 1:37
  total
• 1:37
  labor
• 1:38
  spend
• 1:38
  savings?
• 1:39
  Okay,
• 1:40
  better
• 1:40
  you
• 1:41
  than
• 1:41
  me.
• 1:43
  First
• 1:43
  of
• 1:43
  all
• 1:43
  I
• 1:43
  will
• 1:44
  say
• 1:44
  I
• 1:44
  love
• 1:44
  this
• 1:44
  move.
• 1:45
  It's
• 1:46
  2026,
• 1:47
  right?
• 1:47
  Cars
• 1:47
  are
• 1:47
  driving
• 1:47
  themselves.
• 1:48
  I
• 1:48
  think
• 1:48
  it's
• 1:48
  about
• 1:49
  time
• 1:49
  for
• 1:49
  digital
• 1:49
  shelf
• 1:50
  labels.
• 1:51
  We've
• 1:51
  heard
• 1:51
  about
• 1:51
  them,
• 1:52
  we've
• 1:52
  seen
• 1:52
  them
• 1:53
  in
• 1:53
  sort
• 1:53
  of
• 1:53
  test
• 1:53
  mode.
• 1:54
  I
• 1:54
  love
• 1:54
  this
• 1:54
  move
• 1:54
  from
• 1:55
  Walmart.
• 1:56
  The
• 1:56
  best
• 1:56
  talent
• 1:56
  out
• 1:57
  there
• 1:57
  does
• 1:57
  not
• 1:57
  enjoy
• 1:58
  the
• 1:58
  monotony
• 1:58
  of
• 1:59
  price
• 1:59
  checks
• 1:59
  and
• 2:00
  price
• 2:00
  changes
• 2:01
  and
• 2:01
  chasing
• 2:02
  out
• 2:02
  of
• 2:02
  stocks
• 2:03
  in
• 2:03
  a
• 2:03
  reactive
• 2:04
  manner.
• 2:04
  Right?
• 2:04
  They're
• 2:05
  working
• 2:05
  on
• 2:05
  their
• 2:05
  heels
• 2:06
  in
• 2:06
  that
• 2:06
  world.
• 2:08
  They're
• 2:08
  looking
• 2:08
  for
• 2:09
  roles
• 2:09
  and
• 2:09
  opportunities
• 2:10
  where
• 2:10
  they
• 2:10
  can
• 2:10
  actually
• 2:11
  show
• 2:11
  up
• 2:11
  and
• 2:11
  capitalize
• 2:12
  on
• 2:12
  opportunities
• 2:13
  and
• 2:13
  stay
• 2:13
  forward
• 2:13
  focused.
• 2:14
  The
• 2:14
  store
• 2:14
  operations
• 2:15
  teams
• 2:15
  and
• 2:16
  leaders
• 2:16
  that
• 2:16
  we
• 2:17
  talk
• 2:17
  to
• 2:17
  on
• 2:17
  a
• 2:18
  weekly
• 2:18
  basis
• 2:18
  and
• 2:19
  really
• 2:19
  daily
• 2:19
  basis
• 2:20
  would
• 2:20
  certainly
• 2:21
  vote
• 2:21
  yes
• 2:21
  for
• 2:21
  this.
• 2:23
  When
• 2:23
  I
• 2:24
  think
• 2:24
  back
• 2:24
  to
• 2:24
  my
• 2:24
  district
• 2:25
  manager
• 2:25
  days
• 2:26
  and
• 2:26
  even
• 2:27
  at
• 2:27
  that
• 2:27
  level
• 2:28
  I
• 2:28
  was
• 2:28
  always
• 2:29
  involved
• 2:29
  in
• 2:29
  little
• 2:30
  tasks
• 2:31
  like
• 2:31
  hey,
• 2:32
  this
• 2:32
  sign
• 2:32
  isn't
• 2:32
  correct
• 2:33
  and
• 2:33
  it's
• 2:34
  a
• 2:34
  store
• 2:34
  walk
• 2:34
  that
• 2:34
  could
• 2:35
  have
• 2:35
  been
• 2:35
  focused
• 2:36
  on
• 2:37
  where
• 2:37
  we
• 2:37
  could
• 2:38
  do
• 2:38
  better,
• 2:38
  where
• 2:38
  we
• 2:38
  could
• 2:39
  serve
• 2:39
  customers
• 2:39
  better,
• 2:40
  how
• 2:40
  we
• 2:40
  could
• 2:40
  be
• 2:40
  more
• 2:40
  proactive
• 2:41
  and
• 2:41
  increase
• 2:41
  that
• 2:42
  basket
• 2:42
  size.
• 2:43
  And
• 2:43
  instead
• 2:43
  at
• 2:44
  a
• 2:44
  district
• 2:44
  manager
• 2:45
  level,
• 2:45
  I'm
• 2:45
  walking
• 2:45
  the
• 2:45
  floor
• 2:46
  saying
• 2:46
  like
• 2:46
  we
• 2:47
  gotta
• 2:47
  get
• 2:47
  that
• 2:47
  price
• 2:47
  changed.
• 2:48
  I
• 2:48
  wonder
• 2:48
  what
• 2:48
  it
• 2:48
  is,
• 2:48
  what
• 2:49
  should
• 2:49
  it
• 2:49
  be?
• 2:49
  Right.
• 2:49
  If
• 2:50
  all
• 2:50
  of
• 2:50
  this
• 2:50
  can
• 2:50
  be
• 2:50
  done
• 2:51
  digitally,
• 2:52
  I
• 2:52
  think
• 2:52
  it's
• 2:52
  a
• 2:52
  big
• 2:52
  win.
• 2:53
  I
• 2:54
  think
• 2:54
  the
• 2:54
  opportunity
• 2:55
  here
• 2:55
  is
• 2:56
  to
• 2:56
  simplify
• 2:57
  the
• 2:57
  store
• 2:58
  employees
• 2:58
  role.
• 2:59
  Right.
• 2:59
  It's
• 3:00
  become
• 3:00
  so
• 3:01
  complex
• 3:01
  and
• 3:01
  convoluted
• 3:03
  that
• 3:03
  I
• 3:04
  wonder
• 3:04
  how
• 3:04
  many
• 3:04
  store
• 3:05
  employees
• 3:05
  are
• 3:05
  actually
• 3:06
  out
• 3:06
  there
• 3:06
  thinking
• 3:07
  are
• 3:07
  the
• 3:07
  shelves
• 3:08
  full
• 3:08
  and
• 3:08
  are
• 3:09
  the
• 3:09
  customers
• 3:09
  engaged?
• 3:10
  Like
• 3:11
  those
• 3:11
  are
• 3:11
  two
• 3:11
  questions
• 3:12
  that
• 3:12
  if,
• 3:12
  if
• 3:12
  I
• 3:13
  were
• 3:13
  leading
• 3:13
  store
• 3:13
  ops,
• 3:14
  those
• 3:14
  are
• 3:14
  the
• 3:14
  only
• 3:15
  two
• 3:15
  things
• 3:15
  that
• 3:15
  matter
• 3:15
  in
• 3:16
  that
• 3:16
  store
• 3:16
  experience.
• 3:17
  I
• 3:18
  guess
• 3:18
  the
• 3:18
  store
• 3:18
  should
• 3:18
  be
• 3:18
  clean
• 3:19
  as
• 3:19
  well.
• 3:20
  But
• 3:20
  if
• 3:21
  we
• 3:21
  can
• 3:21
  cut
• 3:21
  the
• 3:21
  rest
• 3:22
  and
• 3:22
  reassign
• 3:22
  through
• 3:23
  this
• 3:23
  automation
• 3:24
  or
• 3:24
  this
• 3:24
  technology
• 3:25
  in
• 3:25
  this
• 3:25
  case,
• 3:26
  I
• 3:26
  think
• 3:26
  it's
• 3:26
  a
• 3:26
  big
• 3:26
  win.
• 3:27
  So
• 3:28
  to
• 3:28
  answer
• 3:28
  the
• 3:28
  A
• 3:28
  and
• 3:29
  M
• 3:29
  question,
• 3:30
  what
• 3:31
  does
• 3:31
  this
• 3:31
  mean
• 3:31
  for
• 3:32
  payroll
• 3:32
  expense?
• 3:33
  Yeah,
• 3:34
  I
• 3:34
  don't
• 3:34
  expect,
• 3:35
  or
• 3:35
  I
• 3:36
  should
• 3:36
  say
• 3:36
  hope
• 3:37
  that
• 3:37
  they
• 3:37
  capture
• 3:38
  any
• 3:38
  labor
• 3:39
  savings
• 3:40
  but
• 3:40
  rather
• 3:40
  that
• 3:41
  they
• 3:41
  reinvest
• 3:41
  this
• 3:42
  into
• 3:42
  in
• 3:42
  store
• 3:43
  execution.
• 3:43
  So.
• 3:44
  So
• 3:44
  I
• 3:44
  hope
• 3:45
  to
• 3:45
  see
• 3:45
  zero
• 3:46
  savings
• 3:46
  on
• 3:47
  staffing
• 3:47
  and
• 3:47
  that's
• 3:48
  hard
• 3:48
  to
• 3:48
  say
• 3:48
  from
• 3:48
  a
• 3:49
  P
• 3:49
  and
• 3:49
  L
• 3:49
  standpoint.
• 3:50
  Right.
• 3:50
  But
• 3:51
  that
• 3:52
  labor
• 3:52
  should
• 3:53
  be
• 3:53
  reallocated
• 3:54
  to
• 3:55
  driving
• 3:56
  sales,
• 3:56
  finding
• 3:57
  customers
• 3:57
  that
• 3:57
  need
• 3:57
  help
• 3:58
  in
• 3:58
  the
• 3:58
  aisles,
• 3:58
  proactively
• 3:59
  finding
• 3:59
  opportunities
• 4:00
  to
• 4:00
  surprise
• 4:01
  and
• 4:01
  delight.
• 4:02
  And
• 4:03
  you
• 4:03
  know
• 4:03
  what
• 4:03
  they
• 4:03
  say,
• 4:04
  sales
• 4:04
  cures.
• 4:05
  All
• 4:05
  right,
• 4:05
  so
• 4:05
  go
• 4:06
  get
• 4:06
  the
• 4:06
  sales
• 4:07
  and
• 4:07
  let
• 4:07
  the
• 4:07
  labor
• 4:08
  expense
• 4:08
  take
• 4:08
  care
• 4:08
  of
• 4:08
  itself.
• 4:11
  I
• 4:11
  would
• 4:11
  say
• 4:11
  this
• 4:12
  on
• 4:12
  that
• 4:13
  sort
• 4:13
  of
• 4:13
  surprise
• 4:14
  and
• 4:14
  delight
• 4:14
  factor.
• 4:15
  Walmart's
• 4:16
  known
• 4:16
  for
• 4:16
  a
• 4:16
  whole
• 4:16
  lot
• 4:17
  of
• 4:17
  things.
• 4:17
  They've
• 4:18
  been
• 4:18
  crushing
• 4:18
  it
• 4:18
  in
• 4:19
  a
• 4:19
  lot
• 4:19
  of
• 4:19
  ways.
• 4:19
  They've
• 4:19
  been
• 4:19
  a
• 4:20
  lot
• 4:20
  of
• 4:20
  your
• 4:20
  headlines
• 4:21
  right.
• 4:21
  Over
• 4:21
  the
• 4:21
  past
• 4:22
  few
• 4:22
  years.
• 4:23
  But
• 4:23
  in
• 4:23
  store
• 4:24
  services
• 4:24
  is
• 4:24
  not
• 4:25
  one
• 4:25
  that
• 4:25
  comes
• 4:25
  to
• 4:26
  mind.
• 4:26
  You
• 4:27
  don't
• 4:27
  think
• 4:27
  I'm
• 4:28
  going
• 4:28
  to
• 4:28
  walk
• 4:28
  into
• 4:28
  a
• 4:28
  Walmart
• 4:29
  store
• 4:29
  and
• 4:30
  get
• 4:30
  fantastic
• 4:31
  service.
• 4:31
  Someone's
• 4:32
  going
• 4:32
  to
• 4:32
  stop
• 4:32
  and
• 4:33
  ask
• 4:33
  me
• 4:33
  if
• 4:33
  I
• 4:33
  need
• 4:33
  help.
• 4:34
  Someone's
• 4:34
  going
• 4:34
  to
• 4:34
  be
• 4:35
  there
• 4:35
  if
• 4:35
  I
• 4:35
  have
• 4:35
  a
• 4:35
  question.
• 4:36
  I
• 4:36
  see
• 4:37
  this
• 4:37
  as
• 4:37
  an
• 4:37
  opportunity
• 4:38
  to
• 4:38
  change
• 4:38
  that
• 4:39
  experience
• 4:39
  in
• 4:39
  the
• 4:40
  stores
• 4:41
  while
• 4:42
  still
• 4:42
  minimizing
• 4:43
  those
• 4:43
  out
• 4:43
  of
• 4:43
  stocks
• 4:44
  and
• 4:44
  the
• 4:44
  price
• 4:44
  discrepancies.
• 4:45
  But
• 4:45
  really
• 4:46
  I
• 4:46
  would
• 4:47
  treat
• 4:47
  this
• 4:47
  investment
• 4:47
  as
• 4:48
  an
• 4:48
  investment
• 4:48
  that
• 4:48
  will
• 4:49
  get
• 4:49
  that
• 4:49
  ROI
• 4:50
  on
• 4:50
  the
• 4:50
  additional
• 4:50
  sales
• 4:51
  and
• 4:51
  loyalty,
• 4:52
  not
• 4:53
  by
• 4:53
  cutting
• 4:53
  labor.
• 4:55
  Well
• 4:55
  Jen,
• 4:57
  as
• 4:57
  our
• 4:57
  resident
• 4:58
  talent
• 4:58
  expert,
• 4:58
  I
• 4:59
  have
• 4:59
  to
• 4:59
  tell
• 4:59
  you,
• 4:59
  I
• 5:00
  Respectfully,
• 5:01
  respectfully,
• 5:02
  100%
• 5:03
  agree
• 5:03
  with
• 5:03
  you.
• 5:04
  I
• 5:04
  100%
• 5:04
  agree
• 5:05
  with
• 5:05
  you.
• 5:05
  I
• 5:06
  do,
• 5:06
  I
• 5:06
  do.
• 5:07
  And
• 5:07
  the
• 5:07
  reason
• 5:07
  I
• 5:07
  say
• 5:08
  that
• 5:08
  is,
• 5:09
  you
• 5:09
  know,
• 5:10
  yes,
• 5:11
  you're
• 5:11
  going
• 5:11
  to
• 5:11
  in
• 5:11
  theory
• 5:12
  get
• 5:12
  labor
• 5:12
  savings
• 5:13
  from
• 5:13
  reducing
• 5:13
  the
• 5:14
  workload
• 5:14
  of
• 5:14
  everyday
• 5:14
  price
• 5:15
  changes.
• 5:16
  But
• 5:16
  as
• 5:17
  we
• 5:17
  know
• 5:18
  if
• 5:18
  for
• 5:18
  those
• 5:18
  in
• 5:19
  the
• 5:19
  industry
• 5:19
  we've
• 5:19
  known
• 5:19
  that
• 5:19
  that
• 5:20
  was
• 5:20
  never
• 5:20
  enough
• 5:21
  to
• 5:21
  push
• 5:21
  ESLs
• 5:22
  over
• 5:23
  the
• 5:23
  edge
• 5:23
  of
• 5:23
  adoption,
• 5:24
  like
• 5:24
  it
• 5:24
  just
• 5:24
  wasn't.
• 5:24
  The
• 5:25
  savings
• 5:25
  just
• 5:25
  wasn't
• 5:25
  significant
• 5:26
  enough.
• 5:26
  The
• 5:27
  real
• 5:27
  benefit
• 5:27
  comes
• 5:28
  from
• 5:28
  in
• 5:28
  my
• 5:29
  opinion,
• 5:29
  you
• 5:29
  know,
• 5:30
  really
• 5:30
  three
• 5:30
  things.
• 5:30
  It
• 5:31
  comes
• 5:31
  for
• 5:32
  quicker
• 5:32
  and
• 5:32
  better
• 5:33
  restocking,
• 5:33
  quicker
• 5:34
  and
• 5:34
  better
• 5:34
  shelf
• 5:35
  picking
• 5:35
  and
• 5:36
  the
• 5:36
  other
• 5:36
  point
• 5:36
  about
• 5:37
  you're
• 5:37
  saying
• 5:37
  about
• 5:37
  the
• 5:38
  science,
• 5:38
  more
• 5:38
  effective
• 5:39
  promotions
• 5:39
  because
• 5:40
  your
• 5:40
  promotions
• 5:40
  are
• 5:41
  actually
• 5:41
  signed
• 5:41
  correctly
• 5:42
  and
• 5:42
  that
• 5:42
  is
• 5:42
  a
• 5:43
  huge
• 5:43
  impact
• 5:43
  on
• 5:44
  the
• 5:44
  actual
• 5:45
  revenue
• 5:45
  going
• 5:45
  through
• 5:46
  the
• 5:46
  cash
• 5:46
  register.
• 5:47
  So
• 5:48
  I
• 5:48
  don't
• 5:48
  see
• 5:48
  this
• 5:49
  changing
• 5:49
  payroll
• 5:50
  allocation
• 5:50
  all
• 5:51
  that
• 5:51
  much.
• 5:51
  Particularly
• 5:52
  when
• 5:52
  you
• 5:52
  look
• 5:52
  at
• 5:52
  the
• 5:52
  landscape
• 5:53
  of
• 5:53
  how
• 5:53
  omnichannel
• 5:54
  retailing
• 5:54
  is
• 5:54
  done
• 5:55
  and,
• 5:55
  and
• 5:55
  to
• 5:55
  your
• 5:55
  point
• 5:55
  about
• 5:55
  Walmart
• 5:56
  and
• 5:56
  service,
• 5:56
  the
• 5:57
  service
• 5:57
  at
• 5:57
  Walmart
• 5:58
  is
• 5:58
  just
• 5:58
  having
• 5:58
  the
• 5:59
  stuff
• 5:59
  on
• 5:59
  the
• 5:59
  shelves
• 6:00
  that
• 6:00
  needs
• 6:00
  to
• 6:00
  be
• 6:01
  on
• 6:01
  the
• 6:01
  shelves
• 6:01
  and
• 6:01
  having
• 6:02
  it
• 6:02
  priced
• 6:02
  right.
• 6:02
  That's
• 6:03
  what
• 6:03
  Walmart
• 6:03
  just
• 6:03
  wants
• 6:04
  to
• 6:04
  do
• 6:04
  better
• 6:04
  every
• 6:04
  day
• 6:05
  because
• 6:05
  that's
• 6:05
  what
• 6:05
  their
• 6:05
  business
• 6:05
  model
• 6:06
  is.
• 6:06
  Their
• 6:06
  business
• 6:06
  model
• 6:06
  is
• 6:06
  in
• 6:07
  on
• 6:07
  like
• 6:07
  high
• 6:07
  touch
• 6:07
  service
• 6:08
  and
• 6:08
  it's
• 6:08
  never
• 6:08
  going
• 6:08
  to
• 6:08
  be.
• 6:09
  It's
• 6:09
  about
• 6:09
  getting
• 6:10
  people
• 6:10
  in
• 6:10
  and
• 6:10
  out
• 6:11
  with
• 6:11
  what
• 6:11
  they
• 6:11
  want.
• 6:12
  And
• 6:12
  so
• 6:13
  for
• 6:13
  me
• 6:14
  it's
• 6:15
  not
• 6:15
  going
• 6:15
  to
• 6:15
  change
• 6:15
  payroll
• 6:16
  all
• 6:16
  that
• 6:16
  much
• 6:16
  in
• 6:16
  the
• 6:16
  short
• 6:17
  term
• 6:17
  particularly
• 6:17
  because
• 6:18
  it's
• 6:18
  just
• 6:18
  going
• 6:18
  to
• 6:18
  make
• 6:19
  Walmart
• 6:19
  more
• 6:19
  efficient
• 6:20
  and
• 6:20
  more
• 6:20
  efficient
• 6:21
  still,
• 6:21
  still
• 6:21
  means
• 6:21
  more
• 6:22
  profit
• 6:22
  dollars
• 6:23
  coming
• 6:23
  to
• 6:23
  the
• 6:23
  bottom
• 6:24
  line
• 6:24
  at
• 6:24
  the
• 6:24
  end
• 6:24
  of
• 6:25
  the
• 6:25
  day.
• 6:25
  And
• 6:25
  the
• 6:26
  other
• 6:26
  important
• 6:26
  side
• 6:26
  note
• 6:26
  in
• 6:27
  this
• 6:27
  story
• 6:27
  I
• 6:27
  think
• 6:27
  too
• 6:27
  GN
• 6:28
  before
• 6:28
  we
• 6:28
  move
• 6:28
  on
• 6:29
  is
• 6:29
  now
• 6:30
  all
• 6:30
  other
• 6:31
  US
• 6:31
  grocers
• 6:32
  and
• 6:32
  mass
• 6:32
  merchants
• 6:33
  too
• 6:33
  which
• 6:33
  really
• 6:34
  there's
• 6:34
  only
• 6:34
  other,
• 6:35
  really
• 6:35
  only
• 6:36
  one
• 6:36
  other
• 6:36
  one
• 6:36
  which
• 6:36
  is
• 6:37
  Target.
• 6:37
  But
• 6:38
  all
• 6:38
  other
• 6:39
  of
• 6:39
  those
• 6:40
  groups
• 6:40
  of
• 6:40
  retailers
• 6:41
  are
• 6:41
  now
• 6:42
  4,600
• 6:42
  stores
• 6:43
  behind
• 6:43
  on
• 6:44
  a
• 6:44
  technology
• 6:45
  that
• 6:45
  we
• 6:45
  A&M2
• 6:46
  have
• 6:47
  have
• 6:47
  been
• 6:47
  espousing
• 6:48
  on
• 6:48
  this
• 6:48
  show
• 6:48
  for
• 6:49
  eight
• 6:49
  years.
• 6:49
  It's
• 6:50
  been
• 6:50
  eight
• 6:50
  years
• 6:50
  I've
• 6:51
  been
• 6:51
  talking
• 6:51
  about
• 6:51
  this
• 6:51
  and
• 6:51
  now
• 6:52
  Walmart's
• 6:52
  all
• 6:52
  in
• 6:52
  on
• 6:53
  it
• 6:53
  for
• 6:53
  4,600
• 6:53
  stores.
• 6:54
  So,
• 6:54
  so
• 6:55
  kudos
• 6:55
  to
• 6:55
  them.
• 6:56
  It,
• 6:57
  it
• 6:57
  feels
• 6:57
  like
• 6:57
  one
• 6:57
  of
• 6:58
  those
• 6:58
  about
• 6:58
  time
• 6:59
  moments
• 6:59
  is
• 6:59
  what
• 7:00
  you're
• 7:00
  saying
• 7:00
  Chris.
• 7:00
  And
• 7:01
  I
• 7:01
  think
• 7:01
  I
• 7:01
  would
• 7:01
  100%
• 7:02
  agree.
• 7:03
  Of
• 7:03
  course
• 7:03
  it's
• 7:03
  an
• 7:04
  investment
• 7:04
  and
• 7:05
  you
• 7:05
  know
• 7:05
  they've
• 7:06
  been
• 7:06
  slow
• 7:06
  to
• 7:06
  make
• 7:06
  investments
• 7:07
  in
• 7:07
  retail
• 7:08
  with
• 7:08
  some
• 7:08
  of
• 7:08
  the
• 7:08
  uncertainty
• 7:09
  over
• 7:09
  the
• 7:09
  last
• 7:09
  few
• 7:10
  years.
• 7:10
  But
• 7:11
  why
• 7:11
  not?
• 7:12
  I
• 7:12
  see,
• 7:12
  I
• 7:12
  see
• 7:12
  zero
• 7:13
  reason
• 7:13
  not
• 7:13
  to.
• 7:14
  It
• 7:14
  feels
• 7:14
  like
• 7:15
  all
• 7:15
  of
• 7:15
  it
• 7:15
  is
• 7:15
  a
• 7:15
  win.
• 7:16
  Yeah.
• 7:17
  And
• 7:17
  the
• 7:17
  other
• 7:17
  point
• 7:17
  I'd
• 7:17
  make
• 7:18
  too
• 7:18
  there
• 7:18
  on
• 7:18
  that
• 7:18
  point
• 7:18
  is
• 7:19
  yes,
• 7:19
  100%
• 7:20
  agree.
• 7:20
  And
• 7:20
  then
• 7:21
  we
• 7:21
  talked
• 7:21
  about
• 7:22
  Carrefour's
• 7:23
  announcement
• 7:23
  a
• 7:24
  couple
• 7:24
  weeks
• 7:24
  ago,
• 7:25
  because
• 7:25
  the
• 7:25
  other
• 7:26
  point
• 7:26
  about
• 7:26
  this,
• 7:26
  to
• 7:26
  truly
• 7:27
  unlock
• 7:27
  this,
• 7:27
  you
• 7:27
  have
• 7:28
  to
• 7:28
  get
• 7:28
  some
• 7:28
  element
• 7:29
  of
• 7:29
  computer
• 7:29
  vision
• 7:30
  into
• 7:30
  the
• 7:30
  operation
• 7:31
  as
• 7:31
  well.
• 7:31
  And
• 7:31
  you
• 7:31
  can
• 7:31
  do
• 7:32
  that
• 7:32
  through
• 7:32
  fixed
• 7:32
  position
• 7:32
  cameras,
• 7:33
  you
• 7:33
  can
• 7:33
  do
• 7:33
  that
• 7:33
  through
• 7:33
  robotics.
• 7:34
  Not
• 7:34
  sure
• 7:35
  how
• 7:35
  Walmart's
• 7:35
  going
• 7:35
  to
• 7:35
  play
• 7:35
  that.
• 7:36
  I
• 7:36
  imagine
• 7:36
  they're
• 7:36
  going
• 7:36
  to
• 7:36
  be
• 7:37
  testing
• 7:37
  that
• 7:37
  with
• 7:37
  fusion
• 7:37
  as
• 7:38
  well,
• 7:38
  similar
• 7:38
  to
• 7:38
  care
• 7:38
  for.
• 7:39
  But
• 7:39
  that
• 7:40
  is
• 7:40
  that,
• 7:40
  that
• 7:40
  is
• 7:40
  the
• 7:41
  unlock
• 7:41
  here.
• 7:41
  And
• 7:41
  Walmart
• 7:42
  again
• 7:42
  is
• 7:42
  4,600
• 7:43
  stores
• 7:44
  ahead
• 7:44
  of
• 7:45
  everyone
• 7:45
  else.
• 7:46
  That's
• 7:46
  the
• 7:46
  main
• 7:47
  point
• 7:47
  that
• 7:47
  the
• 7:47
  listeners
• 7:48
  should
• 7:48
  be
• 7:48
  taking
• 7:48
  away.