Walmart creating a membership program called Walmart+

Walmart Inc. confirmed Thursday that it's creating a membership program called Walmart+. The company declined any further detail about the program. However, a Recode report says the program, which could start testing soon, will be a competitor to Amazon.com Inc.'s Prime program, which includes one-day delivery, access to Prime Video, and other perks. Walmart has been making major changes recently to its e-commerce capabilities, folding the Jet.com staff into its e-commerce arm and ending the Jetblack personal shopping service. Walmart stock has gained 14.7% over the last year while the Dow Jones Industrial Average has gained 1.2% over the period.

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