It appears the US economy is getting itself back on solid footing. New information released on Thursday showed the number of new jobless claims fell while consumer spending increased last month.
On Wall Street pros interpreted the data as two more signs that the outlook for many Americans has started to improve. But will that translate into greater profits for Macy's?
After hearing from Macy's CEO Terry Lundgren, Cramer believes it will.
The Mad Money host thinks Macy's has a tailwind that retailers such as Coach, Ralph Lauren and many others do not have. That is, Macy's derives the lion's share of its sales domestically.
And according to Lundgren Macy's is much more than a US focused retailer – it's hyper local retailer, largely via an initiative called My Macy's.