What is Walmart Plus, Amazon Prime Competitor
Source: iStock

Here’s When Walmart Plus Will Launch to Compete With Amazon Prime

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Yesterday, Walmart unveiled its forthcoming Walmart Plus $98 annual membership plan offering fuel discounts and free grocery delivery. The Walmart Plus (or Walmart+) plan will be launched on Sept. 15 and cost $98 per year or $12.95 per month. The membership plan is set to compete with Amazon Prime.

When is the Walmart Plus launch date?

Walmart is set to launch its membership program, Walmart Plus, on Sept. 15. Walmart Plus subscribers will get unlimited free delivery, fuel discounts of up to $0.05 per gallon, and access to the “Scan & Go” application, which will allow shoppers to skip the checkout line. However, Walmart Plus subscribers will require an order of at least $35 to avoid shipping fees.

What does Walmart Plus membership cost?

Walmart Plus will cost $12.95 per month or $98 per year. Membership will offer fuel discounts and free unlimited delivery of orders of toys, groceries, and more. Walmart generally charges customers a grocery delivery charge of $7.95 to $9.95 per order. Walmart Plus subscribers will also have a same-day delivery option for their orders.

Walmart Plus versus Amazon Prime

Walmart Plus will cost $12.95 per month or $98 per year, while Amazon Prime costs $12.99 per month or $119 per year. Walmart Plus will require a minimum $35 order to avoid shipping fees, while Amazon Prime doesn’t have a minimum. Amazon Prime membership includes free two-day shipping and certain same-day shipping options without a minimum order. Amazon Prime membership also includes video streaming, ad-free music services, and free grocery delivery via Amazon Fresh for orders over $35 in eligible areas. 

What is Walmart Plus, Amazon Prime Competitor
Source: Pixabay

What is Walmart's stock price today?

In premarket trading today, Walmart stock was up about 0.5 percent at $148.34. Wall Street reacted positively to Walmart’s forthcoming subscription service plan. The stock rose 6.3 percent yesterday, hit a new 52-week high of $149.59, and closed at $147.59. The company’s market capitalization rose by $24 billion to reach $418 billion yesterday.

Walmart stock has risen by 12.9 percent in the last five days and 27.3 percent in the last year. The stock is trading 1.3 percent below its 52-week high of $149.59 and 44.7 percent above its 52-week low of $102.00. Year-to-date, Walmart stock had risen by 24.2 percent as of yesterday.

What is Amazon's stock price today?

Amazon stock was up about 1.3 percent at $3,544.00 in premarket trading today. The stock rose 1.4 percent yesterday and closed at $3,499.12 with a market capitalization of $1.75 trillion. The stock has risen by 1.7 percent in the last five days and 94.3 percent in the last year. Amazon stock is trading 0.4 percent below its 52-week high of $3,513.87 and 115.2 percent above its 52-week low of $1,626.03. Year-to-date, the stock had risen by 89.4 percent as of yesterday.

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