Costco introduces card scanners to verify memberships, potentially increasing paying customers by 4 million, as suggested by Morgan Stanley analysts.

Costco’s new card scanners at store entrances aim to verify memberships and could boost paying customers by up to 4 million, as suggested by Morgan Stanley analysts. CEO Ron Vachris highlighted benefits such as enhanced operational efficiency, real-time traffic monitoring, and quicker checkouts. The initiative resembles Netflix's strategy to curb password sharing, which resulted in significant subscriber growth.

October 27, 2024
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