Sam's Club changing its membership; ecommerce to compete with Amazon, Costco

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Sam's Club, a unit of Wal-Mart (NYSE:WMT),  will consolidate its membership structure for customers from three options down to two and improve its e-commerce offerings by adding free shipping. The moves are a part of a strategic shift to turn Sam's Club around after losing out to other retailers like Costco (NASDAQ:COST) and Amazon (NASDAQ:AMZN). In January, Sam's Club shut down dozens of stores and laid off thousands of workers.

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