Walmart to Leverage Online Grocery to Take On Amazon Prime

Amazon (NASDAQ: AMZN) Prime, the online retailer's subscription service that offers unlimited fast shipping and a slew of other perks, is wildly popular. The company had over 150 million Prime members globally at the beginning of this year, and it's likely that the pandemic has led even more consumers to turn to Amazon.

Some traditional retailers, including Walmart (NYSE: WMT) and Target, have fought back by offering free two-day shipping without any annual fees. But none have been able to offer a subscription service that has come close to threatening Amazon Prime.

Image source: Walmart.

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Source Fool.com