James J. Cramer says that Wal-Mart's competitors are "feasting off the wounded mass merchant", and he names lots of names:
Where else do shoppers want to go?An excellent read, even if just to remind you how competitive retail actually is.Wal-Mart may be the largest seller of CDs in the country, but with Apple (AAPL:Nasdaq) climbing back over $40, it might be good to remember that iTunes is the way the next generation buys music. Don't I know it; why is my daughter babysitting every moment she can these days? She says she's getting 25 songs when she does!
Posted by Kevin on May, 27 2005 at 10:42 AM
Bob wrote:I was just coming to post about this. Cramer has been on a little anti-Wal-Mart kick for a while. He doesn't strike me as a person who would shop there first of all. That said, I don't think he really gets it anyways. I came to the realization recently when I went into a Target, that Wal-Mart keeps with them, but the opposite isn't necessarily true. You could go into a Wal-Mart for all the things Cramer lists in his article, but it would take half a day to shop for everything by going to the stores he lists.
And I mention Target as not a big of threat to Wal-Mart as people think since they simply don't have the selection that WM does. I went into the store recently to look for something only to find they didn't have it or anything close. WM probably would have. It is true that Target has Philippe Stark, but he stuff is crap.
-- May 27, 2005 02:53 PM ∞
