Matt Chambers

VP, Director of Insights and Strategy

Location

Bentonville

Start Year

2007

Favorite Quote

"Everything that counts cannot be counted, but not everything can be counted counts. " - Albert Einstein "To anyone who knows their shxt, this will just be a validation that we don't know OUR shxt." - Dale Treece

Anything Else?

FB: http://www.facebook.com/profile.php?id=563581724

Twitter: MattCyChambers

479.799.3192

Walmart and Apple are working on a big change

This report on investment site TheStreet.com talks about a confirmed rumor that Walmart has asked Apple to help it reinvent its checkout process to save a possible $12MM/second (yes, that number is correct from the article).

It's a long-shot, but the ramifications are huge. They've got the scale to make this happen.

- increase in smartphone adoption

- persons checking out will likely have a phone ready for messaging/promotions, etc

- increased satisfaction with WMT store/shoppability

- brand perception changes with strong Apple partnership

- integration of WMT shopping (online & in-store) to iOS

- etc.