Walmart delays launch of subscription service Walmart+ again: Report
Walmart+ is supposed to be a competitor with Amazon Prime
Walmart is set to launch its online retail program later in July in competition with Amazon Prime.
Walmart has delayed the launch of its new subscription service, Walmart+, for a second time, according to Recode.
It’s unclear when the new venture, which is supposed to be a competitor with Amazon Prime, will launch, but its website says it “is almost here.”
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The big-box retailer has thrived during the coronavirus pandemic, as it reported a 74 percent increase in e-commerce sales for its first quarter, which ended April 30. Walmart+ will likely be part of the company’s effort to capture more of the e-commerce market from Amazon.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WMT | WALMART INC. | 114.36 | -0.47 | -0.41% |
Recode reports that for $98 a year, Walmart+ subscribers will get unlimited same-day delivery of goods as well as perks like discounts at Walmart gas stations and a new service that will allow shoppers to seamlessly check out without having to wait in line.
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Walmart did not respond to a request for comment Tuesday.
Amazon Prime costs $119 annually and includes free two-day shipping, unlimited streaming movies and TV shows, unlimited streaming of Amazon music and other perks.
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