NEW YORK (TheStreet) -- Back-to-school shopping is strong this year, says TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio.
On CNBC's "Cramer's Mad Dash" segment, Cramer attributed strong back-to-school retail sales to lower gasoline prices and a stronger labor market. PVH
(PVH) had struggled in the previous three quarters, but did very well on its most recent earnings report.
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Cramer said that J.C. Penney
(JCP) and Kohl's
(KSS) -- two retailers that sell PVH's products -- are also doing well, and that J.C. Penney is in the midst of a "major comeback."
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is also doing well, Cramer concluded, but he said that the company faces tougher comparable-store sales than many of its peers.
At the time of publication, Cramer's Action Alerts PLUS owned shares of PVH.
-- Written by Bret Kenwell in Petoskey, Mich.