Has Walmart Made Amazon Prime Irrelevant?
Amazon(NASDAQ: AMZN) customers pay $119 per year or $12.99 a month for Prime, which gives them unlimited free one- or two-day shipping on over 100 million items. It's an offer that has helped the online retailer become a dominant force -- but it also requires people to pay for something that Walmart(NYSE: WMT) now offers (a version of) for free. The chain also only offers two-day shipping, while Amazon has moved many of its orders to one-day. Walmart has tried to build its much smaller offering around the items people order most often. For some people, that's not an issue because they're reasonably flexible when it comes to brands, package size, and exactly what they're ordering. For others, the difference between a few million items and over 100 million is a deal-breaker.