Walmart CEO unveils new membership offer with Sam’s Club

And Walmart is offering more customers, more to customers with what they're calling a monthly subscription. CEO John Furner appeared exclusively on Good Morning America today to make the announcement. We are combining our two membership programs, Walmart Plus and Sam's Club Plus, and by joining one, you'll now get the other. Yes, and starting at $120 per year, the new membership will give customers access to Walmart Plus benefits like free delivery and streaming, while also giving access to wholesale retailers Sam's Club. The bundle, they say, is cheaper than competitors like Amazon's Prime, which costs $139 a year. Walmart's new membership offering is expected to save customers $100 a year. This subscription must be paid annually with no monthly or trial offers available. Now, Walmart is the nation's largest private employer, so Ferner was also asked how advancements in AI could change the company. We're people-led, and so we think AI and other core technologies, these are tools that help make our associates better. This is a large business with a lot of associates here who have a lot of opportunity. I think that'll be true in five years as well. Ferner also discussed the current economy, saying that Walmart is always focused on keeping prices as low as possible for as long as possible.