Sunday, July 8, 2012

Penney's Michael Kramer Wants His Old Thing Back?

Michael Kramer, former CEO of Kellwood Company
I haven't blogged here much lately.  Gosh, it seems like I've been writing that more and more lately and that certainly wasn't my intention.  But, things have been a little crazy and I haven't been able to give this enough focus.  I decided to check the stats here and lo and behold, what do I spy with my little Baby Phat hating eye?  Looks like our old pal, Michael Kramer, forrmer Chief Executive Office at Kellwood Company, the goons who own Baby Phat and who so disrespectfully ended the relationship with Kimora Lee Simmons, can't get his old place of business off his mind.

Imagine my shock when I saw this in the stats?:

(Click to enlarge)

Maybe he knows his days are numbered at J.C. Penney, what with the way he and the new crew have f*cked things up over there., and he's hoping to be able to weasel his way back in to Kellwood somehow.  Seems he'd have enough on his plate at Penney's and not enough time to spend Googling a little blog dedicated to showing just how greedy and nasty they are at Kellwood Company.  But, maybe not and maybe that's why Penney's is sinking like the Titanic.  It could also be dumb statements like this from Penney's new COO, Michael Kramer when asked about the decision to do away with the coupons that working mothers and grandmothers have come to depend upon from J.C. Penney. (This statement after a dismal earnings report from Penney's):

"We did not realize how deep some of the customers were into this," noted COO Michael Kramer about couponing. "We've got to wean them off this and educate our consumers."
"Wean them off"?  Such a fool.  So out of touch.  So just...awful.  In this horrible economy, you do away with coupons at a store that is known for a coupon, at a time when whole reality shows are being built around...couponing?  Do yourself a favor and read this whole Huffington Post article from May about these morons -- Kramer and the new CEO at Penney's, Ron Johnson.  Two absolute idiots.  If Johnson is taking his direction from Kramer, we can all pretty much predict what's next...goodbye Penney's.  Hey, maybe Penney's and Baby Phat will officially close on the same day because Penney's is really plummeting quicker than I'm sure anybody could have ever predicted.  When you bring new people in, they are supposed to move things in a positive direction, not straight to bankruptcy court.