Categories
Support

When Walmart’s $5 billion deal with Walmart Stores Inc. finally ends, it could mean the end of low-price grocery coverage

The retailer is offering its own low-cost groceries for $5 a month starting Monday, and it plans to sell all of its products for $15 a month by the end, as part of a $20 billion merger with Walmart.

Walmart announced the merger on Sunday, which is the same day that it is set to announce its earnings.

The deal includes Walmart’s popular grocery-store chain, Sam’s Club, as well as Walgreens’ own low price-shopping portal, the Walmart App.

The retail giant also announced on Sunday that it would give shoppers access to a new Walmart Pay card in the coming weeks, offering a discount on a variety of products.

“We’ve seen the power of the Walmart ecosystem, and our mission is to be a leader in bringing low- and no-cost retail to the world,” said Walmart’s chief operating officer, Bob Mackey, in a statement.

“This agreement will accelerate Walmart Pay’s growth in our ecosystem, providing millions of new customers with the flexibility and convenience of a bank account and the convenience of access to low- or no-price goods.”

A Walmart spokesperson told Bloomberg that the company plans to roll out the new Walmart payment system in the U.S. in “the coming weeks.”

The deal will also include other new retail features, including the Walmart Pay app, which will provide customers with access to coupons and discount codes for products at Walmart stores nationwide, according to the company.

The move comes as Walmart and other retailers are facing a wave of protests from consumers over the recent deaths of workers in factory raids.

The protests have drawn the ire of President Donald Trump and have been blamed on Walmart.