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Investors Prospecting in Retail Can Win With Off Price Merchants

Investors have every right to be dismayed with the state of the retail sector after last week's drubbing of the group following some disappointing earnings, but Jim Cramer believes that anybody who feels they still need exposure to the sector can find a safe harbor in off-price retailers such as TJX Cos. (TJX) and Ross Stores (ROST) .

"I'd position myself to be a buyer of both of those," Cramer, TheStreet's founder and co-manager of the Action Alerts Portfolio, said in an interview Monday.

Off-price retailers actually benefit from the woes of big department stores, he noted. "When department stores...