There's a bull market in the best run American retailers right now, “Mad Money” host Jim Cramer said Thursday. Just look at Cramer fave Macy’s, which isup 24 percent year-to-date.
“Macy’s is now barely a point and a half off it’s 52-week high,” he said, “in part because the American consumer is alive and well [and] spending like mad, but also because Macy’s has a phenomenal management—a team that understands how to entice shoppers into the stores and get them to buy things.”
The company recently posted “superb” same-store sales growth for November, beating analysts’ expectations with a 4.8 percent increase. That’s on top of its “fabulous” Black Friday numbers and the strong quarter it reported back in November.
"We're having the best years, in fact back-to-back two years, in a decade, so things are going very, very well," Macy's Chairman and CEO Terry Lundgren told Cramer.
And if the weather turns cold, it would be an extra boost for the retailer.
To see Cramer's full interview with Lundgren, watch the video.
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