Jim Cramer: Macy’s Is Being Challenged By Amazon
Jim Cramer says Macy's is facing challenging times thanks to the 'easier shopping experience' offered by web retailer Amazon.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Macy's (M) - Get Report is facing challenging times thanks to the 'easier shopping experience' offered by web retailer Amazon (AMZN) - Get Report . 'Your handheld [device] is your mall,' Cramer said, adding that the next generation of consumers are not looking to shop at Macy's. Macy's reports quarterly results on Wednesday, before the markets open.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
