The Finish Line (FINL) reported a 0.8% increase in its fiscal third quarter same-store sales.

"This is a good sign for Nike (NKE) ," said TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer. Nike releases earnings after the closing bell on Thursday. 

The Finish Line's Macy's (M) sales rose 2.3%.

"Maybe Macy's traffic has picked up," Cramer noted. 

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