Jim Cramer: How Walmart and Target Can Fight Back Against Amazon
Amazon AMZN is Real Money's stock of the day this Cyber Monday.
And it also may be the gold star winner this Cyber Monday, especially thanks to its one-day shipping.
However, retailers such as Target and Walmart are trying to keep up with the Death Star that is Amazon.
Amazon, Walmart, and others are all locked in a one-day shipping battle this season, with Amazon offering next-day shipping for Prime members and Walmart also offering free next-day shipping for orders over $35.
Is there any way for other retailers to keep up with Amazon or is it just a losing battle?
Jim Cramer says it may not be all bad for Walmart and Target.
"Well, they spent a lot of money and Target has Shipt.
Walmart...they bought Jet and Marc Lore [CEO of Jet] has done a remarkable job.
That was a very shrewd acquisition.
People thought that they paid too much at the time.
But you know what, you can cut deals with web service companies.
You can train your people to use the stores as depots.
It's not all bad to have a brick and mortar presence.
But you have to spend," explained Cramer.
Watch the full video above.
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