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Wal-Mart Steps Up Attack on Amazon With Two-Day Delivery Service

Bloomberg business news

Is Amazon Really a $1,000 Stock?

Wal-Mart Stores Inc.’s ShippingPass e-commerce subscription program will begin offering delivery in two days rather than three, escalating competition with Amazon.com Inc.’s Prime.

The retailer also is cutting the price of the program by $1 to $49 a year, according to a statement on Thursday. Amazon’s Prime costs $99 annually, though it also offers other perks such as free movies and TV shows.