Retailers Must ‘Fully Commit To Off-Price Or Online’ To Win
CNBC’s Jim Cramer on Thursday broke down the quarterly reports for Burlington Stores and Kohl’s department chains, doubling down on his investment thesis about the retail sector. “You need to be off-price or online” to win in retail, the “Mad Money” host said. “Everything else is in trouble, especially in this post-coronavirus world where things are getting a whole lot tougher for the whole industry.” The assessment remains largely intact with Cramer’s outlook for the retail landscape that is evolving from bricks to clicks. Investors, he argues, should put their money behind retailers that have robust e-commerce or discount sales strategies. Big-box and discount retailers are reporting sales growth, while stores connected to shopping malls have struggled to expand their revenues. Read more at CNBC.
