Walmart To Acquire AR Optical Tech Company Memomi

Walmart and Memomi, an augmented reality (AR) optical tech company, today announced they have entered into an agreement for Walmart to acquire Memomi. This reinforces Walmart’s commitment to frictionless and omnichannel optical care.

Don’t Miss

• Do you need a business bank account for your online business? Have a look at our review of the five best bank accounts for sellers, some of which are free with no minimum balance or deposits.
• Boost your social media engagement with Publer. Learn how you can save time writing engaging content faster with AI. ^[sponsored]
• eBay to compete with sellers now!
• New stamp prices and fee increases are coming from USPS on July 9.
• SMALL BUSINESS WEEK SPECIAL: Three tips for SMB ecommerce success in 2023.

Since 2019, Memomi has enabled digital measurements for all Walmart and Sam’s Optical customers, across more than 2,800 Walmart Vision Centers and 550 Sam’s Clubs, and powered the Optical eCommerce experience on SamsClub.com.

Acquiring Memomi, an AR company is the next step in Walmart’s journey of offering personalized, affordable access to optical care. This acquisition furthers Walmart Health & Wellness’ strategy to deliver integrated, omnichannel healthcare, leveraging data and technology to improve engagement, health equity, and outcomes.

“Customers are looking for access to care digitally, in their homes, and purchasing eyeglasses is no different,”

“This acquisition supports our Health & Wellness mission to provide accessible care to the communities we serve.”

David Reitnauer, Vice President, Specialty Services, Walmart Health & Wellness.

Walmart & Memomi Advance Augmented Reality Services

Memomi is a leading provider of technology to enhance virtual optical try-on experiences, helping customers virtually “try on” eyewear in real-time for a seamless, easy and fun omnichannel experience.

“Walmart’s ability to roll out our virtual try-on and contact-free digital measurements service in a short period of time shows how committed Walmart is to its customers’ need for digital care in-stores and at home,”

Ofer Saban, Chief Technology Officer, Memomi.

The acquisition is expected to close in the coming weeks, and Memomi employees will join the Walmart Global Tech organization.

“We’re excited to welcome the Memomi team to Walmart and add their capabilities to our leading virtual reality technology that is transforming the retail experience for our customers and members,”

Cheryl Ainoa, Senior Vice President, New Businesses & Emerging Tech, Walmart Global Tech.

“We are looking forward to joining Walmart and offering our innovations and user experiences to such a large scale both in-store and online,”

Salvador Nissi Vilcovsky, CEO, Memomi