Jim Cramer Says Burlington Has “No Real Tariff Exposure”

Burlington Stores, Inc. (NYSE:BURL) is one of the stocks that Jim Cramer discussed. Cramer discussed the effects of tariffs on the company and said:

“Meanwhile, when you look at the retail stocks that are winning, they’re ultra-low price closeout operations like TJX, which had a magnificent quarter, or Burlington Stores, which offer stunning low prices. These closeout chains have no real tariff exposure because they buy excess inventory from struggling retailers for pennies on the dollar. It’s those struggling retailers that pay the tariffs when the goods arrive, not Burlington, okay, and not TJX.”

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

Burlington Stores, Inc. (NYSE:BURL) is a retailer of branded apparel, footwear, accessories, home goods, beauty, and baby products. The company operates under the Burlington Stores and Cohoes Fashions brands. In an August episode of Squawk on the Street, Cramer mentioned the stock and said:

“Burlington Stores, unbelievable, another example of how, about what the economy is like…

When you go to Burlington, and my wife said, Jim, why are you waiting in line for three t-shirts? And I said, because of ten dollars.”

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Disclosure: None. This article is originally published at Insider Monkey.