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NEW YORK (TheStreet) -- The retail world is an enigma these days, Jim Cramer told the viewers of his "Mad Money" TV show Wednesday. According to Cramer, conventional wisdom would say that when high-end retail is booming, low-end retail would be a bust. But today, he added, that notion got turned upside down. Cramer cited today's New York Times article, which said consumers are "trading up" for higher-end items, while doing so less often. He said this on the same day that Family Dollar (FDO Quote) reported great earnings, indicating that consumers are "trading down" for less expensive private label brands.
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