Jim Cramer: There Is a Secular Decline in Watchwear

There is a secular decline in watchwear and that will continue to weigh on Fossil (FOSL) - Get Report , said TheStreet's Jim Cramer. He said retail is ephemeral and technology from Apple (AAPL) - Get Report and Fitbit (FIT) - Get Report is replacing traditional wristwear.

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