Wal-Mart Stores Inc. said Monday that it will offer customers free shipping without a minimum purchase starting Monday, July 11 through Friday, July 15. The retailer has also announced thousands of price “rollbacks” and a free trial of its ShippingPass service, offering unlimited two-day shipping, over the past couple of weeks. The SippingPass service normally costs $49 per year. The latest announcement comes a day before Amazon.com Inc.’s annual Prime Day shopping event. Wal-Mart shares are nearly flat in premarket trading, but up 20.5% for the year so far. The S&P 500 is up 4.2% for the year to date.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News