Thursday, August 25, 2016

Cramer: We've got retail all wrong — time to bury the 'death of the mall' story

Jim Cramer says the theory that brick-and-mortar retail are losers that cannot overthrow Amazon is completely wrong.

"The conventional wisdom about shopping has been totally wrong … This past quarter put the lie to that supposition in so many ways," the "Mad Money" host said.

Amazon's $50 billion in domestic sales in the past year was an indicator to Cramer that there is market share for everyone, as the U.S. had $4.71 trillion in retail sales during the same time period.

Brick-and-mortars, which once seemed like zombies, once again have a pulse.. . . more

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