Finally, Cramer took another look at the pending $13.7 billion deal between e-commerce titan Amazon and grocery chain Whole Foods to see how Amazon could use it to continue building its retail empire.
Cramer said Amazon would do to Wal-Mart exactly what Wal-Mart did to mom-and-pop businesses around its locations when it first gained traction.
“Amazon isn’t just any low-cost producer,” he said. “It has tremendous artificial intelligence capabilities that let it figure out what you want, something that grocers have been woeful at. It has Amazon Prime, which can easily offer deals that would be unthinkable from, say, Kroger’s point of view.”
Plus, with Amazon’s voice-activated devices and checkout technology, ordering and shopping will undoubtedly be streamlined to become easier than ever, the “Mad Money” host said.
“Believe me, there’s nothing theoretical about what Amazon’s about to do to these industries. It’s now a reality for everyone from Costco to CVS to Wal-Mart and Target and the pain? It hasn’t even begun yet,” he said.