Walmart may shield itself from rising tariffs with its growing membership program, Walmart+, according to CNBC. Walmart+ members shop twice as often, spend nearly three times more, and account for almost half of Walmart’s U.S. online and app sales. The retailer hopes the service will support customer loyalty and revenue as economic uncertainty grows. Chief Growth Officer Seth Dallaire said Walmart+ boosts shopping frequency and spending per subscriber.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Walmart may shield itself from rising tariffs with growing membership program Walmart Plus, according to CNBC.
00:08Walmart Plus members shop twice as often, spend nearly three times more,
00:12and account for almost half of Walmart's U.S. online and app sales.
00:16Retailer hopes the service will support customer loyalty and revenues.
00:19Economic uncertainty grows.
00:21Chief Growth Officer Seth Dallier said Walmart Plus boosts shopping frequency and spending per subscriber.
00:27For all things money, visit Benzinga.com slash GSTV.