Two days in a row Cramer is panicking over the dead shopping malls — citing the wretched earnings from $KORS as a prime example as to why you can’t buy any mall based retailer. Even when the news is good, like $GPS, the stock still trades lower.
Lastly, he discussed the potential and imminent bankruptcy of $SHLD and who might get hurt as a result.
Due to the secular decline in retail brick and mortar, Cramer deemed the sector entirely ‘uninvestable.’
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Death of Mall 17 Edition
He is correct. Most millennial choose to shop via Amazon because they don’t care if the clothes fit right and because they don’t have to leave the basement.
one less place for homegrown terrorist to go on a shooting rampage
Judging by his past calls, I find his advise credible. /sarc
Not too long ago, he was lauding Eddie Lampert.