Shares of Walmart (NYSE: WMT) climbed 6.8% on Tuesday after news broke that the retail titan is gearing up to take on Prime from Amazon.com (NASDAQ: AMZN).
Walmart will launch a new subscription service later in July, according to tech site Recode. The service will reportedly include same-day delivery for groceries and other goods, fuel discounts, and other special deals. It will be called Walmart+ and cost $98 per year.
Walmart is reportedly about to ramp up its e-commerce offerings. Image source: Getty Images.
Source Fool.com