Some grocery stores began using electronic scanners as early as 1976, and the devices have been in general use in American supermarkets for a decade.
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Taken as a whole, consumer technologies have made startling advances, but they still are not as easy to use as they should be.
The point of that is, if you look at Walgreen's history, they've always been pioneers in the application of technology. They're the only drugstore chain that I know to have their own satellite.
More and more, more and more digital, in particular, I think you'll see in our stores next year, as we start combining these digital products and they interface with each other, you'll see that represented in Wal-Mart.
When air conditioning, escalators, and advertising appeared, shopping expanded its scale, but also limited its spontaneity. And it became much more predictable, almost scientific. What had once been the most surprising became the most manipulated.
I'm lucky that I was in retailing during the time that I call the golden age of retailing.
Shopping for groceries for most people is like a chore. It's like doing the laundry or taking out the garbage. And we strive to make shopping engaging, fun and interactive.
Now, a lot of what we are doing right now, quite frankly, is because of what happened on Christmas. Many of the things were kind of in the works. We were already planning, for example, the purchase and deployment of advanced imaging technology. You call them body scanners. We call them AITs (Advanced Imaging Technologies).
To bring out a new technology for consumers first, you just had a very long road to go down to try to find people who actually would pay money for something.
I started in the supermarket business in the early '70s. And by '75, '76, I realized you don't have a business unless you own the real estate.
Before 1980, it was basically illegal for U.S. banks to invent new products.