Walmart Launches Its Answer To Amazon Prime

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Walmart is launching a new membership service that it hopes can compete with Amazon Prime.

Called Walmart+, it will cost $98 a year, or $12.95 a month, and give members same-day delivery on 160,000 items, a fuel discount at certain gas stations and a chance to check out at Walmart stores without having to wait at a register.

Walmart has a long way to go to catch up with Amazon Prime. Launched in 2005, Prime has more than 150 million members who pay $119 a year, or $12.99 a month, for faster shipping and other perks, such as discounts at Amazon’s (AMZN) Whole Foods supermarkets and access to its video streaming site.

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