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For his "Executive Decision" segment, Cramer again sat down with Manny Chirico, chairman and CEO of PVH Corp (PVH) - Get Report , the apparel maker that just posted a five-cents-a-share earnings beat on strong revenues and rising gross margins.
Chirico said that both Europe and China saw exceptionally strong sales this quarter and really surprised to the upside. He said the order books are full and everyone can't get enough of Tommy Hilfiger and Calvin Klein.
Meanwhile, here in the U.S., the retail industry continues to see a "seismic shift" in distribution channels, Chirico said, and there are just too many stores. He was encouraged, though, by the store closings already announced by the big chains -- a move in the right direction.
Chirico also noted that this year's late Easter holiday seemed to take retailers and investors by surprise, but those kinks have not worked themselves out. The key to the U.S. market, he said, is to manage inventory and expenses very tightly.
Cramer continued to be bullish on PVH.
Meanwhile, over on Real Money, Cramer talks more about the surprising opinions he's hearing about this market, at both ends of the spectrum. Get his insights a free trial subscription to Real Money.
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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.