Macy's is known for having everything that a shopper could possibly need. And while that might be true, Jim Cramer wondered if maybe it has too much of everything, and nothing we need.
"I see a microcosm of pretty much everything I don't like about traditional bricks-and-mortar retail, even as I think the stock's dirt cheap and trying to stabilize," the "Mad Money" host said. (Tweet This)
Macy's reported its second-quarter earnings on Wednesday, and the stock plummeted more than 5 percent in a single session as an aftershock to its major miss from analyst expectations.
When Cramer went down the list of what went wrong with the company, he found himself realizing that there are some major structural problems with Macy's. In general, it just has too much of everything! It was clear to Cramer that there is too much apparel, too many accessories and too much real estate.
The one thing that it has too little of? Bargains.