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Gap Isn't Doing Enough to Set Itself Apart, Cramer Says

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Shares of The Gap (GPS - Get Report) hit a 52-week-low on Tuesday midday after the retail chain offered dismal early earnings and sales results and Jim Cramer says the retail chain could be in trouble.

"Gap offers very little [that's] differentiated," Jim Cramer told TheStreet on Tuesday, comparing the retail chain to several troubled retailers that have filed for bankruptcy.

"No one has a license to do business" in retail, Cramer said. "I mean Pacific Sunwear (PSUN - Get Report) at one point it was hot and they just filed [for bankruptcy]." Cramer also named other retailers that were once popular with consumers and have filed for bankruptcy, including Quiksilver, Aeropostale, American Apparel and Sports Authority.

"There's no given right to being in retail and Gap has to right itself," Cramer added. "When you have no raison d'etre as a retailer, it's very hard to...


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