Walmart Inc.’s shareholders weren’t enthusiastic when word got out in February that it would start a subscription service akin to Amazon Prime. Times have changed. The retailer’s 3% selloff back then reflected the view that the world might not need Walmart Plus. The coronavirus pandemic and the resulting boom in online selling seem to have shifted the perception: After another report last week from Recode that the launch would occur later in July, Walmart’s shares surged by nearly 7% and were up a cumulative 11% by Wednesday.

Source: Wall Street Journal July 16, 2020 10:30 UTC