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
07:35p WAL MART STORES : Cheers! Michigan has the cheapest cases of beer in America, st..
06:48p WAL MART STORES : Lowcountry Android users, a new virus could be stealing sensit..
05:49p TRIAD RUNNING GROUPS : Greensboro, High Point, Jamestown, Winston-Salem, Kerners..
02:15p WAL MART STORES : Employee Benefits Expert Thomas Emerick Appointed to HealthShe..
01:43p SUBARU : Route 59 sites in Joliet still awaiting development
08:48aDJWAL MART STORES : It's 5 O'Clock Somewhere -- Unless You've Been Bought by Wal-M..
07:15a WHOLE FOODS MARKET : A street fight among grocers to deliver milk, eggs, bananas
06/25DJWAL MART STORES : It's 5 O'Clock Somewhere -- Unless You've Been Acquired by Wal..
06/25 WAL MART STORES : Transformers movie characters to visit Wichita Walmart stores
06/25 Southcoast mall landscape is morphing as retail industry undergoes big change..
More news
Sector news : Supermarkets & Convenience Stores
07:49pDJSUPERVALU : CFO Resigns Amid Grocery Woes -- Update
06:17pDJSUPERVALU : CFO Resigns Amid Grocery Woes
01:13p MIKHAIL FRIDMAN : Fridman's L1 Retail to buy Holland & Barrett for $2.3 billion
12:51pDJDIMENSIONAL FUND ADVISORS LTD. DIMEN : Form 8.3 - Tesco Plc - Ordinary Shares
11:45aDJAmazon's Grocery Ambitions Spell Trouble for Big Food Brands
More sector news : Supermarkets & Convenience Stores
News from SeekingAlpha
02:43p EBAY : This Is A Game Changer
12:01p Sifting Through The Retail Wreck
09:38a THE 7 BEST DISCOUNT RETAILERS : Finding Value And Dividends Among Bargain Stocks
07:20a Supermarket Sale, Buy The Grocery Dip
06:58a TARGET : Show Courage And Quit
Financials ($)
Sales 2018 495 115 M
EBIT 2018 22 458 M
Net income 2018 13 150 M
Debt 2018 39 551 M
Yield 2018 2,77%
P/E ratio 2018 17,14
P/E ratio 2019 16,20
EV / Sales 2018 0,54x
EV / Sales 2019 0,53x
Capitalization 226 882 M
More Financials
Duration : Period :
Wal-Mart Stores Technical Analysis Chart | WMT | US9311421039 | 4-Traders
Full-screen chart
Technical analysis trends WAL-MART STORES
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 32
Average target price 80,0 $
Spread / Average Target 6,9%
Consensus details
EPS Revisions
More Estimates Revisions
C. Douglas McMillon Chief Executive Officer & Director
John Furner President
Gregory B. Penner Non-Executive Chairman
Michael J. Bender Chief Operating Officer-Global eCommerce
Brett M. Biggs Chief Financial Officer & Executive Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
WAL-MART STORES8.28%226 882
CARREFOUR-3.84%18 614
WHOLE FOODS MARKET, IN..39.61%13 724
More Results