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NEW YORK ( TheStreet) -- Retail sales may not yet be out of the woods, but Jim Cramer told Debra Borchardt at TheStreet.com Thursday that he'd be a buyer of Gap Stores ( GPS) after the company both reported earnings and announced the acquisition of Intermix, a high-end retailer.

Cramer said Gap remains a well-run company and investors shouldn't be concerned the stock didn't immediately pop on the news. He said unlike a lot of retailers, there aren't a lot of investors shorting Gap, which makes for a more stable stock price.

Cramer said he likes that Gap will now have multiple brands under one roof, as Urban Outfitters ( URBN) does, and would use any weakness in the stock to start a position.

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-- Written by Scott Rutt in Washington.

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