CNBC's Jim Cramer on Wednesday said consumers right now aren't focused on brand names, but on companies that can provide the most value.
The big box retailer cut its full-year guidance, and management said it saw weakness in discretionary products despite price cuts.
Although the two retailers offer similar products, Cramer said Walmart is simply more affordable.
He also named other discount outfits that are seeing success despite a tough consumer landscape, including Costco , TJX , Chili's-parent Brinker and Texas Roadhouse .
On Wall Street, this focus on value extends beyond consumer companies and to sectors like tech, Cramer added.
Persons:
CNBC's Jim Cramer, we're, " Cramer, Cramer, Brinker, Microsoft —
Organizations:
Target, Walmart, Costco, Texas, Nvidia, Google, Oracle, Microsoft