Walmart (NASDAQ: WMT) is offering a bundled subscription deal that could knock Amazon's (NASDAQ: AMZN) Prime membership off its pedestal. Earlier this week, the company announced a combined Walmart+ and Sam's Club Plus membership for just $120 per year. That's $100 less than the two programs priced separately, and $19 less than Amazon Prime's $139 cost. The bundle includes free delivery, 2% Sam's Cash on select purchases, $0.10 off per gallon of gas, and a choice between Peacock and Paramount+ streaming, among other perks. The catch is that it is only available as an annual subscription, and there's no free trial or monthly option available at this time. Memberships have proven to be lucrative revenue channels for companies like Walmart and Amazon. Shoppers tend to spend significantly more with the merchant when they have a membership, roughly four times as much as non-members in Walmart's case.
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