Jim Cramer Believes “Furniture at Wayfair’s Incredibly Cheap”

Wayfair Inc. (NYSE:W) is one of the stocks that Jim Cramer shared insight on. Cramer reiterated that tariffs on China would make the company’s products more pricey, as he stated:

“Let’s talk about Wayfair, Williams-Sonoma, and RH, the old Restoration Hardware. Face it, the furniture at Wayfair’s incredibly cheap, and it’s good enough. Never used to be a problem that most of it was made in China. Tariffs would simply make their goods more expensive. Nothing else would happen because there’s no way to bring that part of the furniture industry back. And even if it could, our products wouldn’t be competitive unless they’re all made by robots, which wouldn’t help anyway.”

Wayfair Inc. (NYSE:W) runs an e-commerce platform and provides furniture, home décor, and household items through various retail websites and private-label brands. The company’s digital storefronts cater to both residential customers and business clients. On August 5, it is worth noting that Cramer commented:

“The tariffs, most companies are mitigating them fairly well, not as well as Wayfair, the online furniture store that a lot of wise guys were busy shorting, not realizing that Wayfair may have the single best logistics operation out there, locating low or untariffed merchandise to keep prices down. The shorts thought that Wayfair was hostage to China and other high-tariff countries. They were wrong. And this stock shot up and just gaffed the shorts, I mean, like I haven’t seen in a long time.”

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Disclosure: None. This article is originally published at Insider Monkey