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It's not as quiet on Wall Street today as you would have thought. 

TheStreet's founder and Action Alerts PLUS portfolio manager Jim Cramer just reacted to the latest round of retail earnings including Abercrombie & Fitch (ANF) - Get Abercrombie & Fitch Co. Class A Report , Sears (SHLD) , Michaels Companies (MIK) - Get Michaels Companies Inc Report , Burlington (BURL) - Get Burlington Stores, Inc. Report , Signet Jewelers (SIG) - Get Signet Jewelers Limited Report and Dollar Tree (DLTR) - Get Dollar Tree, Inc. Report .

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Cramer said Abercrombie finally has a CEO that seems to know how to do retail "and that's a big change." TheStreet just hopped off the phone with Abercrombie's CEO Fran Horowitz, and we have to agree with Cramer. Horowitz told TheStreet traffic at Hollister was positive in the second quarter (a rarity for a mall retailer) and the Abercrombie business is starting to turn (finally). 

Cramer thought Sears' same-store sales were "horrendous", but was pleased with the positive commentary the company issued.

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