Edinburgh Partners disclosed that it now owns 4,422,927 shares (5.04%).

Or Abercrombie (ANF), which missed numbers badly and is climbing today. Remarkable rally there.

Options: Retail Stocks: Jud Pyle, portfolio manager of Options Alerts, reveals how to trade retail stocks after the sector's recent run-up. Click here to watch the video.

When asked about retailer Aeropostale (ARO), Cramer said he was wrong to lump this company with the likes of American Eagle Outfitters (AEO) and Abercrombie & Fitch (ANF) in a recent sell recommendation. He said that Aeropostale is a much better company and is worthy of owning. ("Mad Money Recap," 4-22-09)

On the stocks of companies whose managers have retracted earnings guidance, buy straddles. This entails buying a put and a call that have the same strike price and expiration date. If the stock price rises or falls, the straddle could increase in value. This is a good strategy for Molex (MOLX), Johnson Controls (JCI), Applied Materials (AMAT), Abercrombie & Fitch (ANF), Leggett & Platt (LEG), Fortune Brands (FO), Coventry Healthcare (CVH), BJ Services (BJS) and Union Pacific (UNP).

"Of course, that means it was all the expectations game. The other guys had taken down expectations to the point that their horrid numbers looked good, especially Nordstrom's (JWN), but Kohl's (KSS) and J.C. Penney (JCP) weren't so hot either. Abercrombie's (ANF) were terrible, the worst I have seen, but you could never lower them enough!" ("Retail = No Sale," 4-9-09)

Cramer: Not Buying Gap: Jim Cramer doesn't buy Goldman Sachs Conviction Buy" of the gap and sees better retail names."
Click here to watch the video.

P/S and P/B numbers are below 1. Annual Dividends / DY of 3.4. Assets are double its liability. No Brainer

“This stock has been beaten to a pulp over the last 6 months or so,” said Fitzpatrick. The stock has been pushed down on monstrous volume over the last week or so, with a slight shift upward towards the end of the week, but Fitzpatrick warned against thinking that the stock was on an extended climb – the price increase was on much lower trading volume, suggesting that once the regular sellers come back into play ANF would continue to get pummeled. Watch out for this one.

He says it's going to get uglier before it gets better. The names with the most earnings risk are Men's Wearhouse [MW], Tiffany [TIF], Abercrombie & Fitch [ANF] and J. Crew [JCG].

CEO not willing to change in these current times

Would make more money if clothing was cheaper and models wore clothing.

inventory growing faster than comps. stock will be lower by end of summer.

Hate fads

Horrendous same store sales, this stock is going to retreat on analyst downgrades