American retailer Walmart, Inc. (WMT), together with global online content provider Netflix, Inc. (NFLX), announced the launch of Netflix Hub, a dedicated online hub that will feature merchandise from some of Netflix’s most loved shows like “Stranger Things,” “Nailed It!,” and “CoComelon.” Shares of WMT closed at $139.53 and NFLX closed at $627.04 on October 11. Netflix hopes to improve its sales and visibility as the company’s investors seem to be unhappy with slow subscriber growth earlier this year. The merchandise will be available exclusively in Walmart’s online store and not in the brick-and-mortar stores.
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Walmart (NYSE:WMT)
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