Jim Cramer: Walmart Wants to Compete With Amazon
Walmart is faced with an existential crisis against Amazon.com and its move into grocery delivery is a reasonable way to step up to the challenge.
Walmart (WMT) - Get Report is faced with an existential crisis against Amazon.com (AMZN) - Get Report and its move into grocery delivery is a reasonable way to step up to the challenge, says TheStreet's Jim Cramer. Walmart said it would be testing its grocery delivery service with ride-hailing companies Uber and Lyft in the next two weeks in Denver and Phoenix. The move is the latest step in the retailer's efforts to better compete with Amazon, which is delivering groceries directly to shoppers' homes in several markets.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
