Walmart slash the price of its Walmart plus subscription by half in just ahead of the holidays.
Speaker ANow this is just coming out.
Speaker AYou only have a few days left, people to take advantage of this.
Speaker ASo make sure you look into this.
Speaker AAccording to the Fashion Network, Walmart began offering its membership service Walmart plus at a 50% discount, now offering a one year Walmart plus membership for just $49, down from its regular $98 per year.
Speaker AChris, did this sharp discount make you want to run out and subscribe to Walmart Plus?
Speaker AI think I know the answer, but I'd like to hear it from your mouth.
Speaker BYeah, I mean, I was joking.
Speaker BWe were joking with Vanessa Yates, SVP of Walmart plus at Grocery Shop.
Speaker BThey're like, maybe I need to sign up for Walmart Plus.
Speaker BAnd so yes, it did, but unfortunately I sent you this article and the next thing I knew, I was getting a combination of emails and text messages from you with passwords and usernames for the Omni account created around this.
Speaker BSo 100%, yes, we're all in.
Speaker BAnd, and as I think about where I'm going to try and go and do all my grocery shopping at the discount that they're offering and considering Walmart's very expanded product assortment, you know, via their marketplace, Walmart has just jumped squarely to the top of my holiday shopping list.
Speaker BAnd 100% it has.
Speaker BAnd I may even.
Speaker BThis is not going to surprise you at all.
Speaker BNot going to surprise you at all, but I may even spring for some new kicks for myself via the StockX partnership that we're excited about as well.
Speaker ALike how do we work in.
Speaker AChris, getting new shoes from StockX.
Speaker AI swear this is a business expense, right?
Speaker BYes, right.
Speaker AA subscription service from one of the largest retailers in the country.
Speaker AYes.
Speaker AHow do we sign off on this?
Speaker BYes.
Speaker ARight.
Speaker BI do need some new Jordans for my, for my, my keynotes in my panel moderations at Shop Talk and NRF and Grocery Shop and all that stuff.
Speaker BSo yeah, maybe.
Speaker AYeah, yeah, it' it's wardrobe, right?
Speaker BYeah.
Speaker BBut what do you think?
Speaker BWhat do you think?
Speaker BWhat's your take?
Speaker AWell, obviously I, yeah, as soon as I read this, I was like, okay, well this is, there's no reason not to at this point and I think that we have to look at like this is not a new concept.
Speaker AI mean, Target did this just a few months ago with their Target Circle program where they were offering 50% off for a year of Target Circle.
Speaker ABut the benefits.
Speaker BBut you don't get anything with Target Circle.
Speaker BLike what do you get with Target Circle?
Speaker AExactly, right, exactly.
Speaker AI mean you get the, you get shipping and like same day shipping and.
Speaker BThat kind of thing I guess.
Speaker ABut, but I think that the thing that's so compelling about the Walmart plus thing here is that there are even more discounts than I realize than what we've been reporting on for the last couple of years.
Speaker ALike you know, delivery inside to your house.
Speaker AYou can still have that done if you want that to take place.
Speaker BBenefits.
Speaker BNot more discounts, more benefits, right?
Speaker BIs that what you're saying?
Speaker AMore benefits, more benefits than I.
Speaker AThen I guess I realized.
Speaker ABut like the, even like the discount stuff though too, like I, the gas discounts, like I didn't realize it was beyond.
Speaker AIt's not just Sam's Club, like fueling stations or Walmart fueling stations.
Speaker AThis is like you can put your zip code in and it's fueling stations no matter where you are in the world.
Speaker ASo there's that.
Speaker BI didn't know that.
Speaker AThere's also, there's also travel discounts like you can get.
Speaker ALike I had no idea that that was a component of this.
Speaker AAnd then obviously insurance and all these other things that you get as a member of Walmart Plus.
Speaker ASo I think that that's really what is so compelling here.
Speaker AAnd I'm, I cannot wait to see the numbers on this promo to see like how many subscribers you get in the, in the next couple of weeks because between that the discounts at Walmart and then like the marketplace stuff that you were talking about, there is just so, so much that you get with this membership.
Speaker AYeah.
Speaker AIt'll be crazy to see.
Speaker BYeah, yeah.
Speaker BAnd I didn't think about this, but the comparison with Target's really interesting to me too because it's kind of a false dichotomy.
Speaker BYes, the price is kind of the same but, but, and really the only benefit you get with Target is like the instant couponing when you go through the checklane if you're a Circle member.
Speaker BRight.
Speaker BI mean that's, but you don't even.
Speaker ANeed to be a member for that.
Speaker ALike you don't need to pay for a membership for that.
Speaker ALike that's.
Speaker BBut then, but the reason I bring that up too is like Walmart's everyday low price.
Speaker BSo you've already got that beat, you know, by that.
Speaker BSo like it's just, it's a strict marketing play in a lot of ways.
Speaker BSo, so yeah, so it's just fascinating to me to watch the dynamics here.