3 Things Walmart+ Can Do to Chip Away at Amazon Prime

In late February, ReCode reported Walmart (NYSE: WMT) would soon be launching a subscription-based service called Walmart+, offering everything from same-day grocery delivery from select stores to text message ordering to -- eventually -- discounted drugs and gasoline. Even more perks will likely become available in the future.

Walmart has neither confirmed nor denied ReCode's description of what Walmart+ is going to include. But given the evolution of what's currently called Delivery Unlimited, Walmart+ appears to be the next natural step in its growth.

There's also little doubt the world's biggest retailer needs to do something to at least slow down Amazon (NASDAQ: AMZN). Not only has Prime helped Amazon win control of 44% of the U.S. e-commerce market, according to Bank of America, it's on pace to displace Walmart as the country's biggest overall retailer. Consumer research firm Packaged Facts suggested in October that Amazon's total domestic sales figure would surpass Walmart's annual revenue by 2022 if the brick-and-mortar giant doesn't do something to prevent it from happening.

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Source Fool.com