Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.

For an "Executive Decision" segment, Cramer sat down with Joseph Coradino, chairman and CEO of Pennsylvania Real Estate Investment Trust (PEI - Get Report) , a retail REIT with shares that are down 45% so far this year. Shares currently yield over 8%.

Coradino said the talk of the retail Armageddon is overdone. Retail is indeed changing and evolving, but there will still be winners as well as losers.

Coradino added that PREIT was early in seeing the shifting consumer patterns and sold 42% of their lesser performing malls. He said those that remain, are in great markets in Philadelphia and Washington, DC and are in locations that retailers need to be in if they want a national footprint.

As for the ailing department stores, Coradino noted that when a department store closes, PREIT is typically able to increase rents by as much as eight times. In Scranton, Penn., he said, one department store was replaced with a Dick's Sporting Goods (DKS - Get Report) and a HomeGoods, part of TJX Companies (TJX - Get Report) , and foot traffic doubled -- a big win for every tenant at that mall.

When asked about winning trends, Coradino said that they continue to focus on dining and entertainment with companies like Dave & Busters (PLAY - Get Report) and also with discount and off-price retailers.

Over on Real Money, Cramer says the trend appears to be, "If it's up, buy it." But is that wise? Get his insights with a free trial subscription to Real Money.

Cramer and the AAP team think it's a good idea to lock in some gains ahead of Pepsico's (PEP - Get Report) earnings next week. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

To read a full recap of this episode of "Mad Money," click here.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

More of What's Trending on TheStreet:

At the time of publication, Cramer's Action Alerts PLUS had a position in PEP, TJX.