The same bears that predicted a miserable back-to-school season for retailers are forecasting a Scrooge-like holiday season as well. Cramer would normally push back against such reasoning, especially because August and September sales turned out to be good, but there have been a number of mixed earnings reports of late that have him questioning his own confidence.
That’s why on Thursday he went to Tanger Factory Outlet Centers [SKT 48.16 0.12 (+0.25%) ] CEO Steve Tanger to find out what’s going on. By Tanger’s account, or at least according to his most recent quarter, business is good. And he operates 31 outlet centers in 21 different states. So if that’s the case, can the retail outlook really be all that gloomy?
Cramer wanted an answer to that question, and he hoped Tanger could give it. Watch the video to see the full interview.
SOURCE: CNBC By: Tom Brennan Web Editor, Mad Money
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