Retailers are scrambling to find ways to get out from under Amazon’s shadow, CNBC’s Jim Cramer says.
“Don’t just stand there. Do something before the grim reaper comes to get you,” the “Mad Money” host said on CNBC.
“That’s how I feel about this amazing Kohl’s-Amazon deal that allows you to return merchandise that you bought at Amazon to a Kohl’s, which will box it and send it back to the online behemoth for free,” Cramer said.
Kohl’s Corp. said Tuesday it will pack and ship eligible Amazon return items for free at the 82 stores offering the service, the Associated Press reported.
There will be designated parking spots near the Kohl’s store entrances for those doing Amazon returns. While the service will allow Kohl’s customers to skip their local post office for Amazon returns, it also gets them into Kohl’s stores — where they might then shop.
Cramer recommended that