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Cramer: We’ve got retail all wrong — time to bury the ‘death of the mall’ story

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“The conventional wisdom about shopping has been totally wrong … This past quarter put the lie to that supposition in so many ways,” the “Mad Money” host said. Brick-and-mortars, which once seemed like zombies, once again have a pulse. “That is why we need to bury the whole ‘death of the mall’ narrative right this minute, because so many mall-based stores put up good numbers with good commentary,” Cramer said. This quarter was unique for retail because it was neither a promotional quarter — meaning there were no events like back-to-school season that called for markdowns —and the quarter was not plagued by a weary consumer. The U.S. consumers shopped, they were just picky about where they spent money, Cramer said.

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CNBC 8/22/2016

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