Jim Cramer Reveals Best Retail Stock to Own to Survive Retail Apocalypse - TheStreet

Despite better than expected second quarter results, Target (TGT) - Get Report isn't the best retail stock around. 

TJX Companies (TJX) - Get Report remains the name to own, TheStreet's founder and Action Alerts PLUS portfolio manager Jim Cramer said in an interview. Hard to argue with that logic following TJX's solid quarter on Tuesday amidst the broader retail carnage. 

In fact, TJX is doing something almost no other retailer like Macy's (M) - Get Report and J.C. Penney (JCP) - Get Report can lay claim to -- opening stores. 

This year, the owner of TJMaxx, Marshalls and HomeGoods will open 260 new stores. Among them will be its premier home decor line, HomeSense, CEO Ernie Herrman told analysts during an earnings call on Tuesday following the second-quarter earnings release.

"The customer is clearly telling us that brick-and-mortar retail continues to be an essential part of the shopping experience, certainly when it is executed right with the right values," Herrman said. "All of this gives us confidence in our long-term global store growth potential."

These new openings, according to Herrman, bring TJX closer to its long-term goal of having 5,600 outposts worldwide.

In other news, Sears (SHLD) continues to die. 

TJX Companies is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells TJX? Learn more now.

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