What’s Next for Retail?
The recession of the past year took its toll on the retail sector. And despite a stock-market rally throughout the spring and summer, in which these companies took part, pundits and the press said that the back-to-school season would offer no relief. Of course, we now know they were wrong, and VF Corp. has performed well regardless. That’s why Cramer has been such a big backer of the stock.
On its July 21 earnings call, the company announced it would survive the rest of the year, too, with its most difficult comparisons behind it. But a lot has happened since then. Consumer confidence is rising, retail stocks are firing up, and the economy looks ready to turn. If that’s the case, then VF Corp. , maker of Wrangler, The North Face, Vans and other big clothing brands, could do much better than anticipated.
Cramer wanted to know what to expect, so he invited CEO Eric Wiseman onto Mad Money. The CEO’s stock has climbed 31% since his last visit to the show, on Feb. 11. Will that upward trend continue? What’s in store for the entire sector? Watch the video to find out.
Cramer's charitable trust owns VF Corp.
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