After a slew of retail earnings that included Walmart (WMT) - Get Walmart Inc. Report, Target (TGT) - Get Target Corporation Report, Lowe's (LOW) - Get Lowe's Companies, Inc. (LOW) Report Best Buy (BBY) - Get Best Buy Co., Inc. Report, Dick's Sporting Goods (DKS) - Get Dick's Sporting Goods, Inc. Report and more, Jim Cramer said a clear group of retail winners has emerged.
What do some of these names share in common? An ability to adapt, survive and thrive.
Cramer took to Real Money Tuesday, August 24 to write that despite the apocalyptic predictions from many on Wall Street as Amazon (AMZN) - Get Amazon.com, Inc. Report, the Death Star, disrupted the consumer experience forever, a little innovation kept brick-and-mortar retail out of Amazon's death ray.
"The truth is, though, the days when Amazon is Death Star are over. The retailers remaining have their force field and their shields and they are beaming Amazon's projectiles right back at the once impossible to stop retailer," Cramer wrote.
On Wednesday, August 25, Cramer added that well some of the investments were questioned at the time, it was the Target's and Best Buy's that invested heavily in securing an omnichannel future that came on top.
"Who spent the money, who invested?" Cramer asked.
Walmart and Amazon are holdings in Jim Cramer's Action Alerts PLUS charitable portfolio.