TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer reacts to JCPenney's (JCP) earnings and the recent deceleration of Walmart's (WMT)  e-commerce business.

Cramer is fond of the work that Macy's (M) CEO Jeff Gennette is doing and is encouraged by Target (TGT) , which reports earnings on March 6.

"I think [Target CEO] Brian Cornell is doing a lot of very creative things."

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