Jim Cramer: There Are Too Many Retailers

Hours after Macy's (M) - Get Report announced dozens of store closures and thousands of layoffs, Sears (SHLD) made headlines for a deal to sell its Craftsman brand. TheStreet's Jim Cramer says there are too many retailers and malls with static businesses and called out L Brands (LB) - Get Report and Kohl's (KSS) - Get Report . On the other hand, Cramer says Costco (COST) - Get Report is investible and he likes Walgreens (WBA) - Get Report  , both Action Alerts PLUS holdings.