Jim Cramer Says Target Can Compete With Amazon in Grocery

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Target unveiled an expansion of offerings for its in-store and curbside pickup to include 750 fresh and frozen grocery items.

The 750 offerings include produce, dairy, bakery, meat, and frozen products. Target will start making the additions at stores in the Midwest, following successful pilot tests in the Twin Cities and Kansas City, Mo., markets.

The services will be available in more than 400 stores by the end of the month and more than 1,500 stores in time for the holidays, the company said in a statement. 

Both curbside and in-store pickup services are free.

"The speed and convenience of our fulfillment options … have become even more critical for our guests searching for easy and safe ways to shop during the pandemic,” John Mulligan, Target’s chief operating officer, said in the statement. “During a time when even more people are looking for different ways to get the items they need, we’ll continue to invest in making Target the easiest and safest place to shop.”

Jim Cramer said that when it comes to being a consumer, he's a Target guy, but as an investor, he's an Amazon guy--at least when it comes to the biggest positions in his Action Alerts PLUS portfolio.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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