The opportunities are few and far between in this sector as a result of shifting consumer demand, Cramer said.
Cramer said that this major turning point for the tech giant could drive the stock price significantly higher.
Although it has been almost all bad news for retailers this summer, several names stand out from the pack and are set to go higher, CNBC's Jim Cramer says.
Republican former Sen. Alan Simpson called a Donald Trump presidency a "sea change" for the GOP.
NAFTA, TPP and healthcare are among the topics that could move markets, Cramer says.
Overregulation is "hurting everybody," with consumers and businesses paying the price, the Continental Resources founder says.
"This was a joyous note to shareholders. And then a fabulous arc of an interview that [Hastings] does with the Q&A," Cramer says.
Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.
Simon Hobbs co-anchors the 10 a.m. hour of CNBC's "Squawk on the Street" live from the New York Stock Exchange.
Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."
“Squawk on the Street” Co-Anchor
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.