Jim Cramer: Ralph Lauren Needs to Take Page From L Brands Playbook

Ralph Lauren (RL) - Get Report needs to steal a page from L Brands' (LB) - Get Report playbook, says TheStreet's Jim Cramer. He said that L Brands CEO Leslie Wexner has long been successful at turning around troubled and sinking brands because he takes immediate and stark action and that is what Ralph Lauren needs to do right now. Cramer said the mall is not dead and Ralph Lauren can be resuscitated if Ralph Lauren CEO Stefan Larsson makes the right moves and emulates Wexner.

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