Walmart to Buy AR Optical Tech Company for Undisclosed Sum

Walmart will buy Memomi, an augmented reality optical tech company, in a move that Walmart said reinforces its “commitment to frictionless and omnichannel optical care.” Memomi is a provider of technology “to enhance virtual optical try-on experiences,” said Walmart Wednesday. It has been providing optical try-on services to Walmart and Sam’s Club stores since 2019 and is the engine that runs the optical e-commerce store at SamsClub.com, it said. The transaction is expected to close in the coming weeks, it said. Terms weren’t disclosed.