Jim Cramer Says He’s Never Seen Apparel Sales Stop Like Now
Cramer quipped, “It’s almost like we’ve all decided to go to the thrift shop…apparel has stopped in this country, I’ve never seen this.”
Cramer said the sales declines might be due to people spending on home remodeling and housewares.
SMA Comment: Perhaps the crushing burden of student loan debt is beginning to hit millenial’s pocket books. Personally, I’ve accumulated so much clothing over the years that I could probably get by without buying any more for the rest of my life.