TheStreet’s Jim Cramer says the accessories group is one that looks robust and has some staying power in the current market environment, and that includes companies like Kate Spade (KATE), Coach (COH), Michael Kohrs (KORS). Cramer said he’d buy Coach, because he believes the turn in the company is real, and the management is much better. Cramer likes that the current management has de-emphasized off-price factory outlet malls. Cramer said the accessories group is a multi-year play. Cramer also includes Fossil (FOSL) in the group, although he notes it’s the company that did not report an upside earnings surprise, noting that it’s been hurt by the Apple (AAPL) watch. Jim Cramer is portfolio manager of Action Alerts PLUS.
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