Jim Cramer Says He Likes “What’s Happening in Tapestry Under Joanne Crevoiserat”

Tapestry, Inc. (NYSE:TPR) is one of the stocks Jim Cramer discussed, along with the tech battleground. Cramer mentioned the stock during the episode and said:

“I love turnaround stories. If you catch a turnaround early, you can make big, long-term money, and that’s especially true in retail, where comebacks are very hard to find. But if you do find them, ooh, they tend to be bountiful. We’re seeing one right now in Gap under Richard Dickson. We’ve seen one in Williams-Sonoma, of course, created by Laura Alber. I like what’s happening in Tapestry under Joanne Crevoiserat. And who can quibble with the work that Patrice Louvet has done, resuscitating Ralph Lauren.”

Photo by Artem Podrez on Pexels

Tapestry, Inc. (NYSE:TPR) designs and sells handbags, accessories, footwear, and apparel. Its brands include Coach, Kate Spade, and Stuart Weitzman. During the December 3 episode, Cramer highlighted the retailers that performed well and mentioned the stock. The Mad Money host said:

“And that’s not all. Consider this list of retailers that performed sharply better than expected: Tapestry, Ralph Lauren, Kohl’s, TJX, Urban Outfitters, and, of course, Walmart. In fact, I can only recall Target, Burlington Stores, and Home Depot being disappointing. That’s extraordinary. It should not be happening when there’s a slowdown in hiring.”

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