NEW YORK (TheStreet) -- "This combination of Zappos and Amazon(AMZN Quote) is so powerful that these bricks-and-mortar retailers are living in fear," said Jim Cramer on CNBC's "Stop Trading!" segment on Monday.
Nordstrom(JWN Quote) might be offering free shipping for the holidays, said Cramer, but "Amazon's a game-changer when it comes to shipping." Cramer said he recently purchased a coat at Macy's(M Quote), which he intended to pay full price for, and was surprised to receive a 30% discount. And at Pier 1(PIR Quote), he said, near the end of the day, "they will give you a bargain that they wouldn't give you a couple of hours ago." "Everybody knows you can bargain," he said. "There isn't a lot of inventory in the system, but I think there's an overwhelming sense of 'let's not get caught with anything' at the high-end retailers." Turning to Citigroup(C Quote), Cramer said it seems "like the government is ready to sell its stake. It just has that feel. It is so heavy." -- Written by Rebecca Corvino in New York.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
Oil *
78.36
|
|
UP
30.69
|
UP
4.98
|
UP
6.87
|
DOWN
0.38
|
10 Yr
3.28%
SPDR Gold
116.62
|
|
+0.29%
|
+0.45%
|
+0.32%
|
-1.15%
|
Data delayed 20 minutes |














