Connect with us
DAPA Banner

Business

Costco overhauling checkout with new automated pay stations, CFO says

Published

on

Costco overhauling checkout with new automated pay stations, CFO says

Your Costco run is about to get a lot faster.

The warehouse giant is reportedly overhauling its checkout process, piloting new automated stations that promise to process orders in under 10 seconds. By blending employee productivity with high-speed tech, Costco is betting it can solve the retail industry’s biggest headache without losing the low-cost model that keeps its members loyal.

Advertisement

“In digital, we continue to make strides with our roadmap to deliver a more seamless experience for members in warehouse and online. In the warehouses, we are achieving meaningful improvements in the speed of checkout and employee productivity, both as a result of our mobile wallet enhancements, pharmacy pay ahead and the rollout of employee pre-scan technology,” Costco CFO Gary Millerchip said in the company’s second-quarter earnings call earlier this month.

COSTCO ENTERS FERTILITY CARE WITH MASSIVE DISCOUNTS FOR MEMBERS THROUGH NEW HEALTHCARE PARTNERSHIPS

Under new CEO Ron Vachris and Millerchip, the warehouse club is pivoting from its traditional checkout roots to a high-tech pre-scan model and automated pay stations. At first, employees will expedite the pre-scanning process before customers reach the register.

Costco self checkout area with customers

Shoppers at the self-checkout inside a Costco store in Napa, California, on Monday, Sept. 22, 2025. (Getty Images)

Costco has previously tested self-checkout at select stores, but the system did not appear to stick.

Advertisement

“We are also piloting automated pay stations that will allow members to pay for their pre-scan orders seamlessly with an average transaction time of around eight seconds,” Millerchip added. “Early results show this is improving the flow of traffic, and we have received great member feedback.”

Leadership also discussed embracing AI and e-commerce shifts on the call that rivals have used to dominate the convenience shopping market.

“On our digital sites, we continue to roll out new personalization capabilities which are resonating well with our members and are starting to have measurable impact on e-commerce sales growth. As consumers embrace AI in their shopping habits, we believe our commitments to providing the best value on great quality items can make us a beneficiary of these shifts,” the CFO said.

Advertisement

New data from the NCR Voyix Digital Commerce Index reveals a generational divide in how Americans want to pay at the register. While 43% of all consumers now prefer self-checkout options, 53% of shoppers aged 18 to 44 prefer the DIY method, while those 55 and older stick to manned lanes, citing large cart volumes as the primary reason for avoiding self-checkout.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

While many big-box retailers have passed on inflationary costs to consumers in recent years, Costco has maintained its popularity with middle-class Americans due to its roughly 14% to 15% cap on product margins. Traditional grocers typically have a 25% to 35% product margin, making Costco’s prices highly competitive.

Advertisement

Costco’s net sales surged 9.1% to $68.24 billion in the second quarter, with net income hitting $1.36 billion — a 13.6% increase year over year following a membership price hike.

READ MORE FROM FOX BUSINESS

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Stocks to Watch: Olaplex, Alphabet, Hapag-Lloyd, H&M

Published

on

Stocks to Watch Recap: On Holding, Alphabet, Olaplex, Hapag-Lloyd

Stocks to Watch: Olaplex, Alphabet, Hapag-Lloyd, H&M

Continue Reading

Business

Glaukos SVP Thurman sells $267k in GKOS stock

Published

on


Glaukos SVP Thurman sells $267k in GKOS stock

Continue Reading

Business

(VIDEO) Australia vs Cameroon Soccer Friendly Match Result: Socceroos Edge Cameroon 1-0

Published

on

Former Heavyweight champion Mike Tyson will not face criminal charges over a fight on a plane last month

SYDNEY — Jordy Bos scored a late winner as the CommBank Socceroos claimed a narrow 1-0 victory over Cameroon in their first FIFA Series 2026 match Friday night at Accor Stadium. The result gives Australia a positive send-off in their final home appearance before heading to the 2026 FIFA World Cup in North America.

Australia vs Cameroon Soccer Friendly Match Result: Socceroos Edge Cameroon
Australia vs Cameroon Soccer Friendly Match Result: Socceroos Edge Cameroon 1-0

Bos struck in the 85th minute to break a stubborn deadlock in front of a passionate Sydney crowd, sparing the Socceroos what could have been a frustrating goalless draw against a well-organized Indomitable Lions side. Goalkeeper Mathew Ryan earned player-of-the-match honors with several key saves as Australia controlled much of the second half but struggled to convert dominance into goals until the closing stages.

The match, part of the FIFA Series double-header that also featured China PR against Curaçao earlier in the evening, served as vital preparation for Tony Popovic’s squad ahead of the expanded 48-team World Cup. Australia, ranked around 27th in the world, will face Curaçao in Melbourne on Tuesday in their second and final home friendly of the March window before traveling to a pre-tournament camp in Florida.

Match Summary and Key Moments

The first half remained cagey, with both teams showing early rust from the international break. Cameroon, coming off a heavy defeat in recent preparations, sat deep and frustrated Australia’s attempts to break through the middle. The Socceroos enjoyed more possession and created half-chances, particularly through midfielders Jackson Irvine and Aiden O’Neill, but lacked a clinical edge in front of goal.

Advertisement

No goals came before halftime despite Australia’s territorial advantage. Cameroon threatened on occasional counter-attacks, forcing Ryan into action with smart stops to preserve the clean sheet.

The second half followed a similar pattern until the final 10 minutes. Australia increased the tempo, pushing numbers forward and creating sustained pressure. Bos, introduced as a substitute, made the decisive impact with a well-taken finish after good work down the right flank. The goal sparked celebrations among the home fans, who had grown anxious as the clock ticked down.

Cameroon pushed for an equalizer in stoppage time but could not find a way past a resolute Australian defense anchored by experienced campaigners. The final whistle confirmed a hard-fought win that boosts confidence without revealing too much tactical detail ahead of the World Cup.

Advertisement

Popovic’s Assessment

Post-match, coach Tony Popovic praised the team’s resilience while acknowledging areas for improvement. “It was a typical friendly where both sides are protecting information, but we showed good character to keep pushing and get the result,” he said. “Jordy’s goal was excellent, and Mat Ryan was outstanding again. These matches are about building cohesion and sharpness.”

Popovic rotated his squad, giving opportunities to several players on the fringes of the World Cup selection. With the 26-man squad due to be finalized in May, performances in Sydney and Melbourne will carry extra weight for fringe candidates.

Cameroon coach Rigobert Song expressed disappointment with the defeat but highlighted his team’s defensive discipline. “We came to compete and made it difficult for Australia. In the end, one moment decided it. We will learn from this and prepare for our next challenge,” he said.

Advertisement

Context for the Socceroos

The victory extends Australia’s positive momentum after securing direct qualification for the 2026 World Cup with strong results in the AFC third round. It also continues a solid run in home friendlies under recent coaches.

Historically, the Socceroos have faced African opposition sparingly. Their only previous meeting with Cameroon ended in a 1-1 draw at the 2017 FIFA Confederations Cup. Friday’s result improves that record and provides valuable experience against a physical, athletic style common in African football.

Key performers included Ryan in goal, the central defensive pairing, and attacking contributors who created the late chance for Bos. The Socceroos will now shift focus to the Tuesday clash against Curaçao at Marvel Stadium in Melbourne, where they aim to build further rhythm and fitness.

Advertisement

Broader FIFA Series Significance

The FIFA Series provides an opportunity for nations from different confederations to gain competitive minutes outside traditional windows. For Australia, facing Cameroon and Curaçao offers a mix of physicality and technical challenges that mirror potential World Cup opponents.

With the tournament expanding to 48 teams, every match in this preparation phase carries importance. Popovic has emphasized the need for adaptability, squad depth and mental toughness — qualities partly tested Friday night.

Fans at Accor Stadium created a strong atmosphere despite cool Sydney conditions, delivering vocal support that the players acknowledged after the final whistle. The double-header format also boosted attendance and showcased Australian soccer infrastructure.

Advertisement

What’s Next

Australia departs for North America after the Melbourne friendly for further warm-up matches, including a clash against Mexico on May 30. The Socceroos will then join the World Cup draw outcomes and finalize preparations in a high-performance camp.

For Cameroon, the tour of Australia forms part of their own buildup, though they are not qualified for the 2026 finals. The Indomitable Lions will use these games to assess players and maintain competitive edge.

The 1-0 result, while not a dominant display, delivers three points in a non-competitive friendly context and valuable minutes for the squad. It underscores the Socceroos’ ability to grind out results when fluency is lacking — a trait that could prove crucial in the high-stakes environment of a World Cup group stage.

Advertisement

As the countdown to June 2026 intensifies, Friday’s narrow win at Accor Stadium offers encouragement for a nation eager to see its team progress deeper than the round of 16 achieved in 2006.

Continue Reading

Business

MLPI Vs. AMLP: Why NEOS Is The New Leader Among Midstream ETFs (BATS:MLPI)

Published

on

MLPI Vs. AMLP: Why NEOS Is The New Leader Among Midstream ETFs (BATS:MLPI)

This article was written by

My professional journey in the investment field began in 2011. Today, I combine the roles of an Investment Consultant and an Active Intraday Trader. This synergistic approach allows me to maximize returns by leveraging deep knowledge in economics, fundamental investment analysis, and technical trading. What You Will Find in My Analysis: Clear, actionable investment ideas designed to build a balanced portfolio of U.S. securities. A combination of macro-economic analysis and direct, real-world trading experience. My two university degrees in Finance and Economics were merely the starting point—my true expertise was forged through active practice in management and trading. My Goal on Seeking Alpha: To identify the most profitable and undervalued investment opportunities (primarily in the U.S. market) that are capable of forming a high-yield, balanced portfolio. Follow me for a balanced view, backed by active trading practice.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MLPI, MLPX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

Weekly Market Compass: No. 13, Geopolitical Risk Sets The Pace (SP500)

Published

on

Hercules Capital: 3 Reasons Why The Market Is Wrong (Rating Upgrade)

This article was written by

I’m a Portfolio manager (flexible equity funds and private clients), fundamental equity research, macro and geopolitical strategy.Over 10 years across global markets, managing multi-asset strategies and equity portfolios at a European asset manager.I combine top-down macro, bottom-up stock selection and real-time positioning (Bloomberg, models, data).I focus on earnings, tech disruption, policy shifts and capital flows — to identify mispriced opportunities before the market.On Seeking Alpha I share high-conviction ideas, contrarian views and deep breakdowns of both growth and value names.For more insights: follow me on X @AgarCapital

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SPX, NDX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

AAC Technologies Holdings Inc. (AACAY) Q4 2025 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Maggie Huang
Director of Investor Relations

Good afternoon, investors, and welcome to the AAC Technologies 2025 Annual Results Announcement Investor Conference. I’m the host of this event, Joyce Huang, IR Director at AAC Technologies.

First, on behalf of the company, thank you all for your interest in AAC. Please allow me to introduce the company management present today. Mr. Benjamin Pan, Executive Director and CEO of AAC Technologies; Mr. Kelvin Pan, Executive Vice President of AAC Technologies; Ms. Dan Guo, Chief Financial Officer of AAC Tech; Mr. Jack Duan, Chairman of AAC Optics; and Mr. Shi Tingjia, Senior Vice President of Strategy of AAC Tech. Thanks, management’s attendance.

Today’s meeting includes 2 parts, starting with my presentation on AAC 2025 annual financial performance and business development. This will be followed by a Q&A session. The statements made at this meeting contain forward-looking information, which are based on the company’s assumptions and expectations regarding market conditions and the company’s current development. [Operator Instructions]

Advertisement

Next, I would like to present the group’s results for 2025. In 2025, the group’s revenue was RMB 30.8 billion (sic) [ RMB 31.82 billion ] a rapid year-on-year increase of 16.4%. Acoustics [indiscernible] optics has business maintained strong performance and emerging business made huge leaps. Gross profit was RMB 7.02 billion, up 16% year-on-year. The group’s

Continue Reading

Business

Credit Markets Are Still Risk-On: Why We’re Calling A Strong Sell (NASDAQ:USIG)

Published

on

Credit Markets Are Still Risk-On: Why We’re Calling A Strong Sell (NASDAQ:USIG)

This article was written by

I started my career in asset management one year before the GFC. Since then, I have accumulated knowledge and extensive experience in financial analysis and portfolio management of equity, government bond, corporate bond, and money market funds. Fascinated by psychology and the way we make investment decisions. Passionate about sharing my knowledge. Please note that due to my financial institution’s compliance requirements, I mainly do not invest in any kind of single stocks but only ETFs.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

Why Burger King Is Called Hungry Jack’s in Australia?

Published

on

McCafé

Walk into any of the more than 440 Hungry Jack’s restaurants scattered across Australia and you’ll order a Whopper, fries and a Coke — exactly as you would at a Burger King anywhere else in the world. Yet the iconic American fast-food chain operates under a completely different name Down Under, a quirk that has puzzled international visitors for decades.

A Hungry Jack's franchise in Brisbane, Queensland
A Hungry Jack’s franchise in Brisbane, Queensland

The story behind the name traces back more than 50 years to a trademark clash, a clever workaround involving pancake mix and a long-running legal battle that ultimately strengthened the Australian operation. As of March 2026, Hungry Jack’s remains the sole master franchise of Burger King Corporation in Australia, proudly Aussie-owned and deeply embedded in local culture while serving the same flame-grilled burgers that define the global brand.

The tale begins in 1970 when Canadian-born entrepreneur Jack Cowin secured the rights to bring Burger King to Australia. Cowin, who had already helped introduce KFC to the country, planned to open the first outlet in 1971. But he quickly discovered a major obstacle: the “Burger King” name was already trademarked in Australia by a local businessman named Don Dervan.

Dervan, an American immigrant, had opened a small drive-in takeaway restaurant called Burger King in Adelaide, South Australia, as early as 1962. At the time, the U.S. Burger King had not yet trademarked the name in Australia, allowing Dervan to register it locally. By the early 1970s, his operation had grown to about 17 locations. Dervan refused to sell or relinquish the trademark, telling representatives he would part with everything except the name.

Unable to use its global brand, Burger King — then owned by Pillsbury — provided Cowin with a list of alternative names based on existing trademarks the company already held. Cowin selected “Hungry Jack,” the name of a popular Pillsbury pancake mix sold in the United States. He tweaked it slightly to the possessive “Hungry Jack’s” and launched the first Australian restaurant in Innaloo, Perth, on April 18, 1971.

Advertisement

The rebranding proved successful. Hungry Jack’s expanded rapidly, building a strong local identity while delivering the same menu items as its American counterpart. The name stuck, becoming a familiar part of Australian fast-food culture alongside rivals like McDonald’s.

The 1990s Legal Battle

The situation grew more complicated in the 1990s when the original Australian “Burger King” trademark held by Dervan’s business lapsed. Burger King Corporation saw an opportunity and attempted to enter the market directly under its own name. The company opened several standalone Burger King outlets, mostly in New South Wales, while simultaneously blocking Hungry Jack’s from expanding by denying approval for new locations under the franchise agreement.

This move sparked a bitter legal dispute. Hungry Jack’s Pty Ltd, controlled by Cowin, sued Burger King Corporation, alleging breach of the franchise agreement and bad faith conduct. In a landmark 2001 ruling, Australian courts sided with Hungry Jack’s. The judge found that Burger King had acted improperly by trying to undermine its own franchisee while competing directly against it.

Advertisement

The court awarded Hungry Jack’s substantial damages — reports at the time cited around $45 million to $71 million — and upheld the franchise agreement. Burger King ultimately withdrew its competing stores, which were rebranded as Hungry Jack’s. By 2002-2003, the parent company had effectively conceded the Australian market, leaving Hungry Jack’s as the undisputed operator.

The episode became a classic David-versus-Goliath story in Australian business circles, highlighting issues of good faith in franchise relationships. It also demonstrated the power of local branding and customer loyalty. By then, Australians had embraced Hungry Jack’s as their own, making a full switch to the Burger King name impractical and unnecessary.

Hungry Jack’s Today

In 2026, Hungry Jack’s operates as a wholly owned subsidiary of Competitive Foods Australia, still led by the Cowin family interests. The chain employs more than 19,000 people and serves over 1.7 million customers weekly, grilling more than 125 million Australian beef patties each year. Its menu closely mirrors global Burger King offerings, including the Whopper, but with occasional Australia-specific items and promotions that reflect local tastes.

Advertisement

The restaurants maintain the same flame-grilled burgers, generous portions and quick-service model that define the brand worldwide. Hungry Jack’s has adapted to modern trends with plant-based options, breakfast menus and digital ordering while preserving the core experience that made it popular.

The name difference occasionally confuses tourists, who search for “Burger King” only to be directed to Hungry Jack’s. Many international visitors discover the quirk through social media or travel forums and leave with stories of the “Australian Burger King that isn’t called Burger King.”

Legal experts note that the case remains a notable example in franchise and trademark law, illustrating how early registration of names can shape international expansion and how courts can protect long-standing franchise relationships from bad-faith actions by franchisors.

Cultural Impact and Legacy

Advertisement

Over five decades, Hungry Jack’s has become more than a fast-food outlet — it is a piece of Australian pop culture. The distinctive red and yellow branding, the “Have It Your Way” ethos (adapted locally) and memorable advertising campaigns have cemented its place alongside other homegrown or localized chains.

The story also serves as a cautionary tale for global brands: failing to secure trademarks in every market can lead to unexpected complications. Similar quirks have occurred with other companies, such as Woolworths, where an Australian retailer adopted the name after the U.S. version did not trademark it locally.

As of March 2026, there are no active plans to rebrand Hungry Jack’s to Burger King. The Australian operation thrives under its established name, benefiting from decades of customer familiarity and loyalty. The chain continues to expand selectively, focusing on prime locations and adapting to changing consumer preferences around sustainability, convenience and menu innovation.

For visitors and locals alike, stepping into a Hungry Jack’s offers the familiar taste of a Whopper while highlighting one of the more unusual chapters in global fast-food history. The name may differ, but the flame-grilled experience remains unmistakably consistent with Burger King restaurants worldwide.

Advertisement

The enduring success of Hungry Jack’s proves that sometimes the best-laid corporate plans can be upended by a single trademark — and that a clever alternative, combined with strong local management and customer support, can create something even more iconic in its own right.

Continue Reading

Business

Asia hit by oil shock as Strait of Hormuz disruptions deepen

Published

on

Asia hit by oil shock as Strait of Hormuz disruptions deepen

The US-Israel conflict with Iran has disrupted global energy, especially in Asia, as Iran blocks the Strait of Hormuz, limiting 20% of oil shipments. Countries like India, China, Japan, and South Korea are adopting strategies such as stockpiling, subsidies, or seeking alternative sources. Vietnam and the Philippines face severe shortages amid rising fuel prices and supply disruptions

Impact of Middle East War on Asian Energy Security

The ongoing conflict in the Middle East has severely affected Asia, the world’s largest consumer of Middle Eastern oil. The Strait of Almos, a critical energy corridor where about 20% of global oil and gas supplies pass, has seen disruptions since Iran effectively shut it down, blocking shipments primarily destined for Asian nations. Attacks on energy infrastructure across the region have further reduced production, heightening concerns over energy shortages across Asian countries.

Diverse Responses Among Asian Countries

Asian nations are responding differently to the crisis. India, Pakistan, and Bangladesh face significant challenges due to their heavy dependence on Gulf energy supplies; India has invoked emergency measures and turned to unsanctioned Russian supplies. In contrast, China has managed better, thanks to pre-war stockpiles and its ongoing trade with Iran and Russia. Japan, South Korea, and Taiwan have implemented energy voucher programs and reserve strategies, while Thailand and Indonesia have introduced fuel caps and subsidies to stabilize prices.

Struggling Nations and Strategic Measures

In Thailand, an oil shock caused by disruptions in the Strait of Hormuz could have several noticeable effects:

Advertisement

1. Higher Fuel Prices

  • At the pump: Gasoline and diesel prices would likely rise quickly, making it more expensive to drive cars, motorbikes, and trucks.
  • Transportation costs: Taxis, buses, and delivery services would charge more, affecting daily commutes and the cost of goods.

2. Increased Cost of Living

  • Food prices: Since food is transported by trucks and ships, higher fuel costs can make groceries more expensive.
  • Electricity bills: Thailand uses oil for some electricity generation, so bills could go up.

3. Impact on Tourism

  • Air travel: Higher jet fuel prices could make flights more expensive, potentially reducing the number of tourists visiting Thailand.
  • Local travel: Tourists and locals might cut back on trips if fuel and transport costs rise.

Vietnam and the Philippines are among the most vulnerable, with limited reserves and declared energy emergencies to control distribution. Vietnam’s reserves last about 20 days, while the Philippines’ president has empowered authorities to prioritize fuel distribution amid shortages. These measures reflect the varying degrees of energy security challenges faced by Asian nations amid the Middle Eastern conflict.

source

Continue Reading

Business

How Too Many Drivers Spoil UGL

Published

on

How Too Many Drivers Spoil UGL

How Too Many Drivers Spoil UGL

Continue Reading

Trending

Copyright © 2025