Part 2/9:
Cramer observed that America has transformed into a nation primarily focused on value, which he cheekily referred to as a nation of "cheapskates." This transformation is evident across various sectors, from grocery stores to online shopping platforms, and particularly across the retail landscape. The price sensitivity is pushing different retailers to either adapt swiftly or risk being left behind as consumers gravitate toward cheaper alternatives.
Retail giants such as Walmart, Costco, and Amazon are embracing this shift, while companies that fail to meet the new consumer demands, like Target, are taking substantial hits. Cramer noted that Target’s stock plunged significantly, serving as a harsh reminder of what can happen when businesses overlook shifts in consumer sentiment.