Jim Cramer: Ralph Lauren Needs to Be More Exclusive

Ralph Lauren's (RL) - Get Report troubles are due to its growing lack of exclusivity, says TheStreet's Jim Cramer.  Ralph Lauren said Tuesday it will close stores and cut jobs. Polo also announced weak guidance for the next twelve months as a result of its organizational overhaul. The apparel maker expects first-quarter sales to fall by a mid-single digit percentage, with operating profit margins declining 110 to 160 basis points from the prior year. For the full year, Polo expects sales to plunge by a low double-digit percentage.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.