It's been quite a week for retail stocks - and the news has been largely negative.
"Target (TGT - Get Report) is not my favorite - TJX is by far my favorite -- there, they didn't under promise, they just over delivered," Cramer said. "I reiterate that TJX the best so far in the retailers." TKX is a holding of Action Alerts PLUS.
Meanwhile, Cramer said Coach (COH) was a very big disappointment. "Buried within the actual conference call was a dramatic lowering of the gross margins that no one was looking for and that was quite a surprise," Cramer said.
As for Urban Outfitters (URBN - Get Report) , Cramer said their conference call was about the progression of business in Anthropologie and Urban Outfitters throughout the quarter. "Each month was better than the last," Cramer noted.
When it comes to Dick's Sporting Goods (DKS - Get Report) , Cramer said their conference call was a disaster. "It talked about the need to be as promotional as possible," Cramer said. "It was a conference call that made you want to sell."
- Jim Cramer (@jimcramer) August 15, 2017
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