By Abigail Stevenson.
It is clear to Jim Cramer that the consumer is dead — unless he or she is shopping at Amazon.
After Amazon’s amazing quarter, it was clear that it is taking major share in retail. Cramer was shocked when he heard how little penetration it has versus where it plans to go very quickly.
Does that mean all other retailers are done?
“The idea that Amazon can assassinate every single retailer is simply untrue,” the “Mad Money” host said.
Read more at CNBC.