NEW YORK (TheStreet) -- "This combination of Zappos and Amazon(AMZN Quote) is so powerful that these bricks-and-mortar retailers are living in fear," said Jim Cramer on CNBC's "Stop Trading!" segment on Monday.
Nordstrom(JWN Quote) might be offering free shipping for the holidays, said Cramer, but "Amazon's a game-changer when it comes to shipping." Cramer said he recently purchased a coat at Macy's(M Quote), which he intended to pay full price for, and was surprised to receive a 30% discount. And at Pier 1(PIR Quote), he said, near the end of the day, "they will give you a bargain that they wouldn't give you a couple of hours ago." "Everybody knows you can bargain," he said. "There isn't a lot of inventory in the system, but I think there's an overwhelming sense of 'let's not get caught with anything' at the high-end retailers." Turning to Citigroup(C Quote), Cramer said it seems "like the government is ready to sell its stake. It just has that feel. It is so heavy." -- Written by Rebecca Corvino in New York.- Loading Comments...
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