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Jim Cramer Likes the Partnership Between Kohls and Amazon: Here's Why

Why is the Kohls partnership with Amazon such a good thing for the retailer? Jim Cramer explains.
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There are two things that Jim Cramer likes about Kohl's.

The first is Kohl's cash, which he said on TheStreet's daily live show. The second? The partnership between Kohl's (KSS) - Get Kohl's Corporation Report and Amazon (AMZN) - Get, Inc. Report

Cramer said that he finds himself in a Kohl's a lot more thanks to the fact that he makes Amazon returns.

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Kohl's reported earnings Tuesday morning. 

The company, which is also Real Money Stock of the Day, posted stronger-than-expected fourth quarter earnings Tuesday, and said it would buy back as much as $500 million in shares this year, as the department store chain notched solid same store sales over the holiday period.

Kohl's said earnings for the three months ending on February 2 came in at $2.24 each, up nearly 20% from the same period last year and 6 cents ahead of the Street consensus forecast. Group sales, Kohl's said, fell 3.3% to $6.823 billion but were also ahead of analysts' estimates of $6.68 billion. Same store sales, Kohl's said, rose 1% from last year, well ahead of the 0.3% estimate compiled by Refinitiv.

Related. Kohl's Could Rally From Here but Needs to Prove Its Strength

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