Walmart Using New Tech To Prevent Theft
Walmart is known for its downhome Arkansas roots, but the store is going high-tech in order to fight shoplifting. Walmart is installing new security cameras powered by artificial intelligence to catch shoplifters at 1,000 stores.
The new cameras will also help prevent store losses that aren’t the result of theft, such as scanning errors at self-checkout stations.
“Walmart is making a true investment to ensure the safety of our customers and associates. Over the last three years, the company has invested over half a billion dollars in an effort to prevent, reduce and deter crime in our stores and parking lots,” LeMia Jenkins, a spokesperson for Wal-Mart, told Business Insider. “We are continuously investing in people, programs and technology to keep our stores and communities safe.”
In 2017, retail stores in the United States lost $46.8 billion due to “shrinkage,” or losses due to shoplifting, scanning errors, and waste. This amounted to about 1.3 percent of total sales.
The CEO of Everseen, Walmart’s artificial intelligence company, said most “shrinkage” is unintentional. Customers might forget to scan an item in the bottom of a cart, or an item might scan with the wrong price, Alan O’Herlihy said.
“People make mistakes. In terms of shrinkage, or loss, that’s the main source,” O’Herlihy said.
Jennifer Dulos Officially Missing For 1 Month
-
Military Exercises Coincide with Treaty Developments Amid Global Concerns Russia recently executed a large-scale military exercise to rehearse its...
-
Tech Billionaire Proposes Renaming Wikipedia to ‘Dickipedia’ in Exchange for Record Donation In a recent social media spectacle, tech...
-
China’s Ambitious Plans to Double Its Nuclear Warhead Stockpile Highlighted in Pentagon’s Annual Report The annual report released by...
-
Strengthening Partnerships and Providing Support in Challenging Times In a collaborative effort between the U.S. Congress and the White...
-
U.S. Stresses Peace and Humanitarian Aid in Israeli-Palestinian Conflict In an exclusive interview aired on Sunday, President Joe Biden...
-
Meta’s Oversight Board to Review Handling of Manipulated Biden Video Facebook’s refusal to remove a leaked video of President...
-
Congressman accused of credit card misuse and identity theft, as legal challenges persist. U.S. prosecutors have brought a fresh...
-
First-ever Criminal Prosecution of a Sitting President’s Child Sparks National Interest and Legal Debate In a landmark legal case,...
-
President Biden’s Performance Under a Strict Spotlight In the current climate of intense media scrutiny and heightened political divisions,...
-
Meghan, Duchess of Sussex, Rumored as Possible Contender for U.S. Senate Seat Recent reports have sparked speculation about Meghan,...
-
Preparations Underway as Government Shutdown Looms: What to Expect With a government shutdown looming, federal agencies are bracing for...
-
Hunter Biden Files Civil Lawsuit Against Rudy Giuliani and Former Attorney for Alleged Digital Privacy Violations In a significant...