Walmart is revolutionizing the shopping experience by partnering with OpenAI to introduce a chat-based shopping feature using ChatGPT. This AI-driven tool will launch in the fall, allowing customers to browse and purchase items easily. Walmart’s stock has surged this year, outperforming competitors like Amazon and Target, reflecting its focus on enhancing e-commerce profitability. CEO Doug McMillon is implementing a contextual AI experience, bolstered by a chatbot, Sparky.
In other news, Domino’s has reported surprising US store sales growth of 5.2% despite economic pressures. The success is attributed to value-driven promotions such as their popular $9.99 pizza deal. Furthermore, Albertsons has raised its annual earnings guidance following better-than-expected Q2 results, driven by strong demand for its private label products and pharmacy services, which grew 90% year-over-year. Overall, these retailers are adapting to consumers’ budget-conscious behaviors amid current economic challenges.
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