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NEW YORK ( TheStreet) -- In the challenging world of retail, there is one bright spot, Jim Cramer told Debra Borchardt at TheStreet.com Wednesday, and that's Macy's ( M). Cramer said Macy's remains a good story. After a few challenging years, the retailer has emerged as one of the most solvent retailers in the country. The company has six months of visibility in its earnings and sports a stock buyback program that's actually making a difference. What's more, Macy's is a domestic retailer, noted Cramer, which makes it less volatile. Compare that to Ralph Lauren ( RL), which reported a more challenging environment. Cramer said Ralph Lauren is a worldwide company that has exposure to Europe and other ailing markets around the globe. "The price points may be wrong," Cramer added, noting that other retailers like Fossil ( FOSL) did not see the same weakness as Ralph Lauren. Look for other retailers like PVH Corp ( PVH) and VF Corp ( VFC) to be under scrutiny when they report next, Cramer concluded. Watch the full Cramer interview