NEW YORK (TheStreet) -- Some retailers simply execute better than others, said TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio. And that's evident in Gap's (GPS) disappointing earnings results.
On Friday, Gap shares fell slightly more than 5% after it missed on third quarter revenue and earnings per share estimates, and provided weaker-than-expected full-year guidance. Gap has a market cap of $17.5 billion.
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"They just don't have it," Cramer said on CNBC's "Cramer's Mad Dash" segment. Gap doesn't have the right assortment and merchandise, and is failing to execute at a high enough level.
While video game companies like Take-Two Interactive Software (TTWO) and Activision Blizzard (ATVI) are doing well, as is home entertainment retailer Best Buy (BBY) , GameStop is struggling due to video games moving away from a physical disk and into a downloadable form.