The Net's vicious reaper strikes another company down: Lands' End (LE) - Get Report. Oh, I know it wasn't in the release, but tell me that the onslaught of the onliners hasn't made this whole catalog game a canard. I mean, really, you pick up the phone and deal with a human? Hello? No thank you. Not in this next century.
Join the discussion on
Message Boards. In the meantime, the non-Web companies (brickheads with mortar!) keep screwing it up. Don't you love the $30 million
pulled out of the air to move onto the Web? Yeah, yeah, sure, sure, it's got it all figured out. It's only been talking about going online for two years already. Where did it get that number? Good luck. And I am sure the legacy salespeople are agreeing with that one.
And how about that
Trans World Entertainment
and the load of goods, or half a load of goods, it bought from
. The problem? Shrinkage.
And just what might be
Heard around the office at
: Me: "How about people swapping
?" Matt "New Era" Jacobs: "I didn't know people kept deer for pets!"
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at