Jim Cramer Says The Problem With Retail Is There are Too Many Stores
Jim Cramer says while American Eagle and Urban Outfitters had good quarters, Cramer said he is focused on comments made by the president of Urban Outfitters.
TheStreet's Jim Cramer says while American Eagle (AEO) - Get Report and Urban Outfitters (URBN) - Get Report had good quarters, Cramer says he is focused on comments made by Richard Hayne, the president of Urban Outfitters. Hayne recently said 'America is over stored and over stocked,' and Cramer believes that assessment is correct. He pointed out that when Sports Authority went bankrupt, Dick's Sporting Goods (DKS) - Get Report benefited. Cramer says he will focus on whether there are too many stores on CNBC's 'Mad Money' show tonight.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
