Cramer Remix: Retailers are facing a new, harsher reality

Cramer Remix: Retailers are facing a new, harsher reality

5 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2019/01/10/cramer-remix-retailers-are-facing-a-new-harsher-reality.html

Wall Street's recent distaste with the retail sector is evidence that the economic layout is changing for public retail companies, CNBC's Jim Cramer said Thursday as the group slid on holiday sales disappointments.

"Welcome to the new economy," Cramer said. "Going forward, you need to understand that not all retailers are created equal anymore, and that [SPDR S&P Retail] ETF doesn't work. And when you're a mall-based chain, Wall Street has no patience for anything disappointing."

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