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Jim Cramer: Walmart+ Seems Complementary to Amazon Prime

Jim Cramer doesn't think that Walmart+ is going to be as big of a rival to Amazon Prime as some would think.

Walmart has unveiled Walmart+, which is considered a rival to Amazon's Prime membership.

“Members will receive unlimited free delivery from stores, fuel discounts and access to tools that make shopping faster for families,” the Bentonville, Ark., company said in a statement.

“Membership will be available to all customers on Sept. 15. It will cost $98 a year or $12.95 a month and includes a 15-day free trial period.” Walmart says it plans to add more benefits in the future.

Amazon Prime, from the Seattle tech and online-retail giant, costs $119 a year or $13 a month. Students get Prime membership for $59 a year or $6.50 a month,

The unlimited free delivery includes in-store prices, with delivery as fast as same-day on more than 160,000 items, including groceries. This service was previously known as Delivery Unlimited.

Current subscribers to that program will automatically become Walmart+ members.

There will also be “Scan & Go.” Customers can use the Walmart app to scan their items as they shop and pay using Walmart Pay.

Fuel discounts are another part of Walmart+: 5 cents a gallon at nearly 2,000 Walmart, Murphy USA and Murphy Express fuel stations. Members soon will also be able to fuel up at Sam's Club stations, the company said.

“Life feels more complicated than ever. Walmart+ is designed to make it easier – giving customers an option to not have to sacrifice on cost or convenience,” said Walmart’s Chief Customer Officer Janey Whiteside.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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