TheStreet's Jim Cramer was looking to get a better view of the retail sector Friday, now that a number of companies have reported their quarterly results.
Shares of Abercrombie & Fitch (ANF) are down about 13% after the company missed on earnings per share and revenue expectations. Same-store sales and earnings were both really disappointing, Cramer, the co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.
Shares of Gap (GPS) are also down on the day, falling 9% after the company reported disappointing same-store sales alongside a revenue beat and in-line EPS result.
The discount stores in particular are doing excellent, he explained, noting that TJX Companies (TJX) and Ross Stores (ROST) are leading the group. The conference calls were "fantastic" and those businesses are doing great, Cramer said.