Wal-Mart is preparing to launch a subscription service for speedy-shipping to take on Amazon's $99-per-year Prime service, The Information's Amir Efrati reported Wednesday afternoon.
Wal-Mart confirmed the news to AP reporter Annie D'Innocenzio.
The service will cost $50 per year, less than Amazon Prime's price tag. However, it won't include Amazon's features like free video and music streaming — at least at first. Any of the one million products offered through the service, which is currently invitation-only, will arrive in three days or less.
Wal-Mart already offers same-day grocery delivery in five cities and lets shoppers buy things online and then pick them up in stores, but this would be a big move that would require more infrastructure.
Read more: http://www.businessinsider.com/walmart-subscription-shopping-service-2015-5#ixzz3a8KPaRbW