Chirico addressed one of his biggest challenges at the moment: Calvin Klein jeans, a segment the company acquired when PVH took over Warnaco last year. Chirico said CK jeans will be a second half of 2014 story as it ramps up new distribution and new products to address what customers are seeking. He said the investments the company is making today unfortunately won't pay dividends before then.

Outside of jeans, Chirico remains cautious on the holiday season, which has proven to be competitive for many retailers with lots of promotions and markdowns. Chirico said it's still too early to see what this year's shortened holiday season will bring overall.

Turning to international sales, Chirico said southern Europe, mainly Spain and Italy, continue to be challenged. Other areas of the globe, including China and Southeast Asia and Latin America, all continue to be growth drivers for the company.

Cramer said PVH continues to be a stock that investors should be buying ahead of what will likely be a very strong 2014 for the company.

More on Masco

When analysts argue, investors win, Cramer reminded viewers as he looked into Masco (MAS), a stock he owns for his charitable trust, Action Alerts PLUS, and one that received both an upgrade and a downgrade today.

Cramer said there are smart people on both sides of Masco, with Goldman Sachs (GS) advising investors sell the stock, while Credit Suisse (CS) rated it a buy. The makers of Delta faucets, Kraftmaid cabinets and Behr paints currently pays a 1.4% yield and has seen its shares rise 29% so far in 2013.

Goldman's argument is that with residential housing heating up, the smart money would be better placed in non-residential construction names that have yet to rise. Meanwhile, Credit Suisse was content to ride the residential market even higher.

Cramer said while Goldman cites categories such as insulation are peaking, insulation currently only accounts for 16% of Masco's revenue. Goldman fails to account for the fact that 73% of Masco's sales stem from the repair and remodel market, which is roaring outside of new home construction. As home values rise, people spend more on their homes, he said.

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