CNBC's Jim Cramer on Wednesday said most consumers are not necessarily hurting for cash, but are sick of high prices and on the hunt for bargains.
"Let's suspend the notion that the consumer's totally strapped for cash, that's wrong," he said.
To Cramer, consumers are flocking to bargain outfits like Walmart and Costco , and he pointed out that the latter's low-cost signature brands are especially appealing.
He named TJX , Ollie's , Ross Stores and Burlington Stores , all up year-to-date at 17.83%, 29.54%, 7.48% and 23.05% respectively.
"We know apparel inflation has been sticky in the consumer price index, but these four off-price chains are cutting the price of apparel aggressively," he said.
Persons:
CNBC's Jim Cramer, Let's, Cramer, TJX
Organizations:
Walmart, Costco, CVS, Walgreens, Ross Stores, Burlington Stores
Locations:
Ollie's