thursday for walmart, but we'll get tj maxx, home depot. where are we in terms of consumer strength and what that means for the economy? >> it's interesting. heading into this second quarter, second quarter will be better for the consumer than the first quarter was. a lot of publicly traded names will do better they're coming in pretty reasonably valued. obviously the death of the american consumer has been playing out over the last 12 months everybody is getting amazon, everybody needs an omni channel presence and the ability to compete with amazon across the board. expectations are low i think we've got a reasonable set of opportunities here to see some surprises to the upside i would focus much more on the earnings than i would the retail sales report today i would look at a company like tj maxx, i think they have the ability to have some upside here as i do for the consumer discretionary names across the board. that's one of the groups, if you look at the groups thrown out with the -- not participating in the rally, it's been energy. it

except for stores like tj maxx, quick to go in for a treasure .unt and people go in for them jcpenney that does appeal to that customer, which is supported they put in several years ago. do they have other things around that which appeals to the same millennial customer? that is the challenge they have to work on. nejra: you mentioned the customer, the fact we have seen nordstrom but the trend in declining sales, makes me wonder whether this is less about the retailers and more about the consumer. we have household borrowing at a record in the u.s. nordstrom is more of an upmarket store then macy's and kohl's -- dan jcpenney. is this an issue with the consumer and what could retailers do, if it is? allen: nordstrom has done a much better job of presenting their store. their internet business, there off price store is down in their stores but the regular priced stores are up. they have done a better job. i believe the off price stores which they cap and do a lot of business distracts people from the regular store. this last report showed that the regular store, regular priced store is

close we hear from cisco systems and l brands as far as yesterday's earnings, interesting reaction tj maxxhowed continued strength home depot results were solid. the stock sold off and dragged down the dow which people were wondering about. some concerns around amazon competition. but still continued weakness and bearish sentiment around some retailers. coach, one of the turn around stories dropped. dick's, can't even talk about that one that one in the face of better retail sales >> pixed picture on the consumer sales. retail sales drove the dollar higher, but not the equity market manifested in macro moves. >> i think walmart on thursday will be key. this turned around and has seen strength in e-commerce we'll see what the spending patterns look like. >>> still ahead on "worldwide exchange," a round up of the big stock movers including a double dose of activist activity. those names next. >>> and as we head to break, a check out on the action in europe we're higher across the board. a strong day monday, slightly positive yesterday, strong day this wednesday gdp came in line with expectat

. >> tj maxx, marshals and outlets are popular places for consumers. macies is adding its own version of an outlet called back stage in some stores macy's has not solved one of its biggest problems, bringing in new shoppers the foot traffic continues its down trend getting worse in tourist heavy locations. kohl's is more insulated from the mall woes since only a handful of stores are actually in a mall. but it is dealing with fewer people walking through doors and reversing that trend remains a top priority >> the mall-based ecosystem as you see today from the department stores, numbers better than expected, but still down, it's starting a gradual spiral i think the urgency to address whatever opportunities that are left is growing. >> with the mostimportant time of year still ahead for retail finding opportunities soon is paramount. courtney reagan, cnbc business news. >>> blue apron lost nearly a fifth of its value on thursday after reporting a bigger than expected loss in the first ever quarterly earnings report. the company says it is encountering

. >> reporter: marshall's, tj maxx late in july, the stock bottomed at $68.50 on amazon encroaching on its business. i bought it, sold it for a decent profit, now it's dropped again along with its competitors today. is it time for me to get back into tjx >> we did the exact same thing, sold it for the capital trust when it moved up we bought it back. we're hurting. it was a really bad day for tj i love home goods. right now the market hates it. my travel trust likes it but we've been in it for ages and we'll stay there it takes a special set of circumstances to have a market be this strong if you look at the top ten, the special set of circumstances makes sense. find out how this 100-year-old household brand is keeping itself fresh i'm taking a look back at my infamous rant. ten years later. ramada splitting into a hotel company and time share business. is it time to book an all expense-paid trip into the stock? i'm sitting down with the ceo to find out so stick with cramer stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient

in chicago, for instance come up we signed with tj maxx, doing quite well.ulu women. -- lululemon. the list goes on. it is more interesting to who areretailers struggling, and there are a host of retailers who lost their way and have to rediscover it, otherwise new ones will come in. >> what about pop-up stores? a great wayores are for nontraditional retailers to , andre a given market temporarily they can work well, so i think you will see more of those here at >= i'm looking -- more of those. >> it looks like rental income in 2016, you saw some quarterly dips and rental income. >> it still grew. it's not going down. the growth rate is celebrated. >> even -- growth rate decelerated. >> do you think we have seen if it is cyclical a bottom in the retail cycle? >> the devil is in the details. retail is a location-driven business, so for some assets, absolutely. we have raised a lot of capital. we do think it is an interesting time to deploy capital. >> thank you so much. great insights. >> thank you for having me. >> coming up, president donald trump keeping i

not to like but sales still under pressure it's a retailer, after all tjx, parent of marshall's, tj maxxs are below the street tjx has a conservative history investors are apparently looking past that this morning, those shares bucking the trend higher by almost 2% sara >> tough crowd. >> right >> to be a retail investor these days. >> courtney reagan, thank you for that rundown for more on what you should be buying and selling, let's bring in managing director atwells fargo. of course, i know you both like coach and tjx. simeon, you cover under armour and nike both getting hit. anything to worry about on this deep cut in dick's guidance and heavy promotions >> sure. multiple times we've talked about the idea that the channel matters and we see that in general. we like the brands you would rather be with the brand. when you have such a large specialty store channel for the athletic, every time you get another one of these cuts you have to wonder where the sales are going to go. that leaves us concerned, particularly on under armour as you're watching the evolution. let's call that maturi