Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Wal-Mart Stores    WMT

News SummaryMost relevantAll newsSector newsTweets

Wal-Mart Stores Inc (NYSE:WMT) Granted A Drone Patent That Aids Shoppers In Fetching Items From The Shelves

share with twitter share with LinkedIn share with facebook
share via e-mail
03/20/2017 | 03:02pm CEST

A patent has been granted to Wal-Mart Stores Inc (NYSE:WMT) for a drone system technology which allows shoppers to use drones within a store to fetch products and deliver them to the checkout area instead of having to walk around putting them shopping carts. Additionally, the drone technology would be time-saving since in instances where Walmart employees are required to fetch the product or products for shoppers from storerooms that are located far away, there would be minimal waiting time.

Better customer experience

According to the published patent, the retail giant believes that the technology can enhance the experience of its customers since long wait times have been known to be a leading cause of customer dissatisfaction. The technology is also capable of lessening the burden of its staff since their workload will be greatly reduced.

The patent anticipates a computer system which would serve as a drone traffic control center from where drones will be dispatched and their flight paths decided. In case of obstacles in their paths, there would be sensors in the paths of the drones which would help avoid collisions.

Landing zones

Landing zones for the drones would be set up and some would be visible to shoppers while others would be hidden. Depending on the weight and shape of an item, the patent envisages using hooks or nets to pick and carry products from the shelves to the landing zone. Whenever necessary, it would be up to the employees of Walmart to attach a shopper’s items to the drone after receiving specific instructions via SMS or apps.

For the sake of the safety of the shoppers in the store when the drones are flying, the patent indicates that the drones would be flying over the shelves to avoid aisles.

“In a typical application setting the flight path of the airborne drone will not include any traversals of open space,” says the patent.

In spite of the assurance, the published patent also left the possibility of the drones and humans crossing paths in some areas.

On Friday shares of Wal-Mart Stores Inc fell by 0.78% to close the day at $69.89 a share.

The post Wal-Mart Stores Inc (NYSE:WMT) Granted A Drone Patent That Aids Shoppers In Fetching Items From The Shelves appeared first on Market Exclusive.

© Market Exclusive 2017, source Market Exclusive

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on WAL-MART STORES
08:32p WAL MART STORES : Mart wants to create 'web mall' to fend off Amazon online
08:12p WAL MART STORES : Target will remodel more stores to compete with Amazon and Wal..
07:49p WAL MART STORES : Amazon HQ2 bid has some New Yorkers worried about wages, incen..
07:39p WAL MART STORES : Driver pleads guilty in immigrant fatalities
05:47p WAL MART STORES : You can still build a successful family-run business in Mass. ..
05:27p WAL MART STORES : Candidates seek election in Mt. Pleasant
05:09p SHE WAS 92, STRANDED IN PUERTO RICO : an Uber sent from Miami
04:11p WAL MART STORES : Around delaware
04:07p WAL MART STORES : Families search for people still missing after wine country fi..
04:06p WAL MART STORES : Mart teams up with another store to fend off Amazon online
More news
News from SeekingAlpha
08:39a 3 Reasons Wal-Mart Is A Buy At These Levels
07:17a Wal-Mart eyes online mall concept
10/18 JD.com makes Singles Day moves in teaming with Tencent, Wal-Mart
10/17 Wal-Mart Remains A Strong Hold Despite Recent Run-Up
10/16 Buy The Pullback In Walgreens Boots Alliance
Financials ($)
Sales 2018 496 B
EBIT 2018 22 708 M
Net income 2018 12 961 M
Debt 2018 39 992 M
Yield 2018 2,37%
P/E ratio 2018 20,08
P/E ratio 2019 18,62
EV / Sales 2018 0,60x
EV / Sales 2019 0,59x
Capitalization 258 B
Duration : Period :
Wal-Mart Stores Technical Analysis Chart | WMT | US9311421039 | 4-Traders
Technical analysis trends WAL-MART STORES
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 86,8 $
Spread / Average Target 0,63%
EPS Revisions
C. Douglas McMillon Chief Executive Officer & Director
John Furner President
Gregory B. Penner Non-Executive Chairman
Jonathan Barker Chief Operating Officer
Brett M. Biggs Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
WAL-MART STORES24.74%257 557
CARREFOUR-25.19%15 650